Malaysia Morning News For December 12

Malaysia Morning News For December 12

Malaysia morning newsIndonesia, Malaysia and Thailand seek to boost local currency settlement
The central banks of Indonesia, Malaysia and Thailand launched a framework on Monday aimed at increasing direct settlement of transactions in their local currencies to reduce the current dependence on the U.S. dollar.
— Reuters

Jacobs Douwe Egberts bids $361 mln for Malaysia’s OldTown coffee
Jacobs Douwe Egberts has offered to buy Malaysian coffee company OldTown Berhad for 1.47 billion ringitt ($361 million) as the private company looks to further expand its global coffee empire.
— Nasdaq

UK – Malaysia project generating bioelectricity from wastewater wins RM635,000 Newton Prize
Professor Phang Siew Moi was awarded the Newton Prize for her ground-breaking project that generates sustainable electricity from effluent waste processing.

UN’s Acceptance Of Malaysia’s Resolution A Historic Success – Najib
Prime Minister Datuk Seri Najib Tun Razak described United Nations’ acceptance of the resolution to fight the spread of extremism and radicalisation, as a success for Malaysia.
— Malaysian Digest

Aselsan aims Asian expansion through Malaysian subsidiary
Turkish defence firm Aselsan is aiming to position its new subsidiary in Malaysia to support regional expansion, with an initial focus on remote-controlled weapon stations (RCWS).
— Jane’s 360

Najib to voice Malaysia’s protest over Jerusalem status at OIC summit
PRIME Minister Najib Razak will give a statement at the extraordinary Organisation of Islamic Cooperation (OIC) Summit, a special conference to discuss the repercussions of US recognition of Jerusalem as the capital of Israel, in Istanbul on Wednesday.
— The Malaysian Insight

Senator calls for shariah-compliant uniforms for all Malaysian flight stewardesses
The government should introduce shariah-compliant uniforms for flight stewardesses serving the country’s airline companies in portraying its image as a Muslim country, said Senator Datuk Hanafi Mamat.
— Malay Mail Online

Japanese migration to Malaysia waning after nuke crisis-induced peak
The migration of Japanese people to Malaysia through a second-home scheme has been declining in recent years after hitting a peak following the 2011 earthquake, tsunami and nuclear crisis in northeastern Japan.
— Kyodo News

Spotlight: Malaysia sees mobile commerce boom as mobile payments become widely available
Malaysian people’s love for mobile shopping has led to more transactions generated on mobile platforms.
— Xinhua Net

Grab obtains e-money licence in Malaysia
Southeast Asia focused ride-hailing service Grab has secured a licence from Bank Negara Malaysia, the Malaysian central bank, to offer GrabPay e-money services in the country.
— Verdict

Malaysia Airlines double 12.12 deals campaign starts Tuesday
Malaysia Airlines is launching its four-day Double 12 (12.12) Deals on Tuesday where passengers can enjoy savings of up to 30% for the economy class.
— The Star Online

AirAsia wins two awards at 2017 World Travel Awards
AirAsia has been named the World’s Leading Low-Cost Airline for the fifth year in a row at the 2017 World Travel Awards (WTA) Grand Final.
— The Borneo Post

Malaysia targets 80% EEV penetration by 2022
The penetration of energy-efficient vehicles (EEVs) in the country is expected to reach 80% of total industry volume (TIV) by 2022.
— The Sun Daily

Gets Global buys 79% stake in public transport service provider
Gets Global Bhd is acquiring a 79.99% stake in Pengangkutan Awam Putrajaya Travel & Tours Sdn Bhd (PAPTT) for RM1.
— The Sun Daily

Honda Celebrates 60 Years of Business and 5 Million Motorcycles Produced in Malaysia
Boon Siew Honda Sdn. Bhd. (BSH), a manufacturer and distributor of Honda’s motorcycle in Malaysia, today celebrated a historical milestone of 60 years of Honda’s motorcycle business in Malaysia, and 5 million units production in Penang.
— Honda

Three-nation search ongoing for two missing Malaysians after boat capsized near Pedra Branca
A three-nation search effort is under way for two missing Malaysians whose fishing boat capsized near Pedra Branca on Sunday night (Dec 10).
— The Straits Times (paywall)

IMF Staff Completes 2018 Article IV Visit to Malaysia
End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.
— International Monetary Fund

The Dutch embassy in Malaysia asked European police service Interpol to look into the death of 19-year-old Ivana Smit in Kuala Lumpur last week. The Dutch model’s naked body was found on the sixth floor balcony of her hotel on Thursday. The local police believe she fell from a room on the 20th fall in an accident, RTL Nieuws reports.
— NL Times

Why sex work should be legalised in Malaysia
SEX is a primary need that every human being has, whether it is the straight and heterosexual kind or the queer kind, and because of that, sex work is considered one of the oldest professions on the planet.
— Asian Correspondent

Fewer than 400 psychiatrists to treat over four million Malaysians, says expert
About one in three adult Malaysians, or 4.2 million people, suffer from mental illness, but there are fewer than 400 psychiatrists in the country to treat them, an expert said.
— Malay Mail Online


Feature photo kennethr


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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