Malaysia Morning News For December 21

Malaysia Morning News For December 21
Estimated Reading Time: 5 minutes |

Malaysia morning newsEU hails Malaysia for passing dangerous drugs Bill
The European Union (EU) delegation to Malaysia has praised the government for passing the Dangerous Drugs (Amendment) Bill 2017.
— Malay Mail Online

Westports hit with RM60m customs bill
Westports Holdings Bhd’s unit Westports Malaysia Sdn Bhd has received several bills of demands totalling RM59.5mil from the Royal Malaysian Customs.
— The Star Online

Stateless Rohingya to get digital IDs with blockchain
Stateless Rohingya who fled Myanmar are set to receive digital identity cards using blockchain technology in a pilot project seeking to help them access services like banking and education.
— Free Malaysia Today

Malaysia to introduce first Islamic Digital Framework
Malaysia will be introducing its first Islamic Digital Economy (IDE) framework to claim the leadership role in the global halal marketplace.
— New Straits Times

Malaysia’s maritime enforcement agency says not necessary for Indonesia to shoot at Malaysian fishing boat
Investigations by the Malaysian Maritime Enforcement Agency (MMEA) and Indonesian authorities have found that the bullets that hit a Malaysian fishing vessel in July came from Indonesian authorities.
— The Straits Times (paywall)

Malaysia condemns missile attack on Riyadh
Malaysia has strongly condemned the Dec 19 missile attack targeted at the civilian population in Riyadh, Saudi Arabia.
— Free Malaysia Today

DPM: Malaysia to push for special UN meet on Palestine crisis
Malaysia is considering calling an emergency meeting of the United Nations General Assembly (UNGA) to discuss the predicament faced by Palestine following the US government’s recognition of Jerusalem as the Israeli capital.
— Malay Mail Online

Bosses to pay levy for foreign workers starting January
Human resources ministry says policy applies to new foreign workers as well as those who have renewed their temporary employment visit pass.
— Free Malaysia Today

Malaysia, Singapore call for joint tender for KL-Singapore High Speed Rail assets company
Both Malaysia’s and Singapore’s companies behind the Kuala Lumpur-Singapore High Speed Rail (HSR) project have called for a joint tender for an assets company for the bilateral project, the firms said in a statement on Wednesday (Dec 20).
— The Straits Times (paywall)

Thailand, Malaysia top job destinations
Thailand and Malaysia are prime destinations for millions of migrant workers from mainland Asean countries, as job opportunities and a stronger economy provide a better quality of life, according to report released yesterday by the International Labour Organisation (ILO)
— Bangkok Post

Malaysia not a failed state, says deputy minister
MALAYSIA is not a failed state as claimed by certain quarters as the country continues to attract investments besides recording a positive gross domestic product (GDP) growth over the years, says Deputy International Trade and Industry Minister Chua Tee Yong.
— The Malaysian Insight

Malaysia’s IPOs to hit US$2.74 billion in 2019
Malaysia’s deal making cycle is set to peak in 2019, with the value of both merger and acquisitions (M&A) and initial public offering (IPO) in Malaysia forecast to climb over the next two years, before easing back in 2020, according to the third edition of the Global Transactions Forecast, issued by Baker McKenzie and Malaysian member firm Wong & Partners.
— New Straits Times

Malaysian palm oil price slides on stronger ringgit, technical selling
Malaysian palm oil futures fell on Wednesday evening, easing from gains made earlier in the day, as it fell on a stronger ringgit, its currency of trade.
— The Star Online

Average salary increase rate in Malaysia declined to 5pc in 2017: Aon
The average salary increase rate in Malaysia declined to 5 per cent in 2017, according to the 2017 Total Compensation Measurement (TCM) Survey study by Aon, a global professional services firm providing a broad range of risk, retirement, and health solutions.
— New Striats Times

Malaysia Foreign Knowledge Worker Projections for 2018
The Malaysia Digital Economy Corporation (MDEC) on December 8, 2017 began accepting requests for foreign knowledge worker (FKW) projections. In Malaysia, companies registered with the MDEC must seek FKW projection approval in advance before applying for visa application (new or renewal) for their foreign employees.
— Asean Briefing

Government ditches plans to raise stamp duty
The government yesterday ditched plans to increase stamp duty on properties worth more than RM1 million, slightly a year after the move was first proposed.
— The Edge Markets

Malaysia inflation to moderate to 2.7% in 2018, says RHB Research
RHB Research Institute Sdn Bhd said Malaysia’s headline inflation rate eased for a second straight month to 3.4% year-on-year in November.
— The Edge Markets

Batik Air launches Jakarta-Kota Kinabalu direct flights
Batik Air launched twice-weekly direct flights from the Jakarta Soekarno – Hatta International Airport (CGK) to the Kota Kinabalu International Airport (BKI) yesterday as part of efforts at expanding its international network.
— The Borneo Post

Fisherman in Malaysia gets 115 years jail, caning for raping daughter
A fisherman was sentenced to a total of 115 years’ jail and ordered to be caned 24 times after he pleaded guilty to five charges of incest and raping his daughter between October 2013 and October this year.
— The Straits Times

 

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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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