Malaysia Morning News For December 29

Malaysia Morning News For December 29
Estimated Reading Time: 4 minutes |

Malaysia morning newsCustoms fraud cost Malaysia $823m
Malaysia has lost over RM2.5 billion (S$823 million) in revenue to customs fraud over the last three years.
— The Straits Times

Myanmar to release jailed Singaporean, Malaysian journalists
A Singaporean and a Malaysian journalist who were jailed in Myanmar last month for filming with a drone will be released today after charges against them were withdrawn, their lawyer Khin Maung Zaw told The Straits Times.
— The Straits Times (paywall)

Malaysia seeking terror suspect’s extradition from Pakistan
Malaysia will request for the extradition of the terror suspect caught with firearms and ammunition in Pakistan so that he can be investigated and charged here, said Deputy Prime Minister Ahmad Zahid Hamidi.
— The New Paper

A Malaysian spring in the offing?
Malaysians will vote in parliamentary elections in the next few months. Whatever the outcome, the stage is being set to determine its future – booming, multicultural nation or basket case.
— UCA News

IFCA accelerator programme offers rm10 million to nurture prop-tech startups
IFCA MSC Bhd has launched its flagship RM10 million accelerator programme to nurture and develop local property-technology (prop-tech) companies by providing fundraising, business networking and mentorship.
— The Borneo Post

Malaysia’s ban on development no relief for property glut
Property agent Jackson Sim sits on a chair in a dimly lit sales office, waiting for customers all morning. His company Dukes Agencies handles sub-sales and rental for a completed 33-story serviced apartment block with retail outlets along Jalan Kuching, a major thoroughfare that connects to Kuala Lumpur’s city center 15 minutes away.
— Nikkei Asian Review (paywall)

Private healthcare poised for major step up with new system
Private healthcare operators in Malaysia are poised for a major step-up in revenues and profits if a government-backed national health insurance system becomes a reality here.
— The Borneo Post

Malaysia’s real gdp to grow 5.2 pct in 2018
RHB Research Institute Sdn Bhd expects Malaysia’s real gross domestic product (GDP) to grow at a more moderate, but healthy pace of 5.2 per cent in 2018, from the 5.6 per cent estimated for 2017.
— The Borneo Post

China firm to help promote Malaysia’s new villages products
China’s second-largest logistics and delivery solutions company, SF Express Co Ltd, will help promote Malaysia’s new villages products in China, following a visit by Malaysian representatives to the company’s headquarters last week.
— The Star Online

Financial Contrast: Malaysia Fund (MAY) versus FS Investment (FSIC)
Malaysia Fund (NYSE: MAY) and FS Investment (NYSE:FSIC) are both small-cap closed end funds companies, but which is the superior investment? We will compare the two companies based on the strength of their analyst recommendations, dividends, valuation, earnings, profitability, risk and institutional ownership.
— TrueBlueTribune

Helping grow Malaysia’s fintech ecosystem
THE Malaysian fintech ecosystem, while still in its infancy, is fast becoming fertile ground for fintech companies eager to prove themselves and has even caught the attention of Hong Kong-based SuperCharger FinTech Accelerator.
— Digital News Asia

SMTrack to explore F&B business
SMTrack Bhd is confident of achieving its financial goals next year on the back of multiple deals and collaborations with both local and international entities.
— New Straits Times

Malaysian palm oil price drops on high inventory, subdued related oils
Malaysian palm oil futures charted their first decline in four days on Thursday evening, slipping from the previous session’s one-week high, as ample supplies dented sentiment.
— The Star Online

AirAsiaGo: No waning demand from Malaysia on horizon
Travel packages provider AirAsiaGo does not see demand from Malaysia waning despite the rising cost of living and weakened currency.
— The Sun Daily

Stop toying with us on Malaysia Agreement 1963, Najib told
NAJIB Razak should just restore Article 8 of the Malaysia Agreement 1963 (MA63) to prove his sincerity instead of setting conditions to the restoration of such rights, Jeffrey Kitingan said.
— The Malaysian Insight

 

Feature photo Phuket@photographer.net

 

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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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Kongleaphy Keam

Kongleaphy Keam

Kongleaphy Keam is a Khmer national with more than 2 years experiences in journalism. In prior of joining AEC News Today team, he was a chief reporter at Phuket Gazette, a local English newspapers in Phuket Thailand. Kongleaphy graduated his Bachelor Degree of International Studies from Prince of Songkla University.
Kongleaphy Keam

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