Malaysia Morning News For December 15

Malaysia Morning News For December 15

Malaysia morning newsMalaysia issues draft regulations for crypto currency businesses
Malaysia’s central bank on Thursday said it had issued draft regulations for digital currency businesses, but said that such currencies were still not legal tender in the country.
— Reuters

Restricting US investments is not a wise move for Malaysia: Najib
Although Malaysia condemns United States’ stance in recognising Jerusalem as Israel’s capital, restricting investments from US investors is not the wisest of move.
— New Straits Times

Malaysia’s trade deficit with China narrows
The trade deficit between Malaysia and China narrowed to RM31.32 billion from January to October 2017, compared with RM36.87 billion in the same period last year, said the Ministry of International Trade and Industry.
— Malay Mail Online

Malaysia’s Economic Growth Accelerates to 5.8 Percent in 2017
Growth in Malaysia accelerated through 2017 with year-on-year growth projected at 5.8 percent — the country’s highest annual growth rate since 2014 – and expected to remain strong, projected at 5.2 percent for 2018, reports the latest Malaysia Economic Monitor, launched today by the World Bank.
— The World Bank

Malaysian firm gets deal to make halal salmon skin chips for Japan’s Edoya Co
Malaysia’s Jabi Rice has sealed a deal to make halal salmon skin chips for Japanese firm Edoya, which is keen to boost sales to Muslim visitors at the 2020 Olympics in Tokyo.
— Food Navigator

Malaysia Airports upgraded to neutral at Macquarie
Macquarie analyst Azita Nazrene upgraded the recommendation on Malaysia Airports Holdings Bhd to neutral from underperform.
— The Edge Markets

The Challenge for Najib’s ‘Malay First’ Policy in Malaysia’s Next Election
The failure to truly address minority concerns may come back to bite the premier in 2018.
— The Diplomat

Malaysia Among Cheapest Countries for Expats to Move to
Kuala Lumpur, Johor Bahru and George Town are among the world’s most affordable places for overseas workers, according to the latest cost of living research conducted by ECA International.
— Property Guru

Most Malaysians still earn below average incomes
A majority of Malaysians will still be earning less than the national average income even when the country achieves high-income status.
— The Edge Markets

Malaysia’s exports to Thailand up 16.4pc in Jan-Oct 2017
Malaysia’s exports to Thailand from January to October this year increased 16.4 per cent to RM41.91 billion from RM32.26 billion in the same corresponding period last year.
— New Straits Times

China pines for Malaysian pineapples
Apart from the Musang King durian craze, Chinese consumers are also craving Malaysia’s fresh pineapples, with demand for the fruits going up drastically.
— The Star Online

Can Malaysia’s palm oil sustainability certification change negative perceptions?
Becoming the first country to certify the sustainability of its palm oil will boost exports and undermine ‘unfair’ labelling practices, a leading industry official has told us in an exclusive interview.
— Food Navigator

Bank Negara says no move to regulate digital currencies, you invest at your own risk
Bank Negara Malaysia (BNM) said yesterday its move to impose reporting obligations on digital currency exchanges is not a move to regulate digital currencies and that investors are going into the market at their own risk.
— The Sun Daily

Bank Negara wants digital currency exchangers to report their activities
Bank Negara has reiterated its stand that bitcoin and its cryptocurrency siblings are not legal payment methods in Malaysia, as the central bank initiates a policy compelling digital currency exchange operators to report their activities.
— The Star Online

RAM Ratings: Malaysia well poised as green finance hub
RAM Ratings sees Malaysia gaining traction as a green finance hub, driven by its well-established sustainable financing system.
— The Borneo Post

McDonald’s Malaysia lodges police report over boycott calls
McDonald’s Malaysia has filed a police report against several individuals and non-governmental organisations (NGOs) for making false claims and calling for a boycott of the franchise.
— Channel News Asia

Fake Mead Johnson infant formula products found in Malaysia
Malaysian authorities have clamped down on fake infant formula being sold in Johor Bahru, namely a counterfeit version of Enfagrow A+ Malaysia’s Enfalac A+ Step 1.
— Food Navigator


Feature photo kennethr


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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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