Malaysia Morning News For December 5

Malaysia Morning News For December 5

Malaysia morning newsRM300 million more needed to boost tourism, says Nazri
The tourism and culture ministry is seeking another RM300 million from the government to boost Malaysia’s tourism industry, especially to woo tourists from India and China.
— Free Malaysia Today

MAHB’s Turkey airport wooing Malaysian Airlines
The Istanbul Sabiha Gokchen International Airport (ISG), operated and owned by Malaysia Airports Holdings Bhd(MAHB), is wooing national carrier, Malaysian Airlines Bhd, in the hope of receiving flights from Malaysia into theTurkish airport.
— The Star Online

Japanese food company Toho buys firms in Singapore and Malaysia
Food product wholesaler and retailer Toho Co. has bought two Southeast Asian firms, one in Singapore and the other in Malaysia, to expand its business overseas in pursuit of medium- to long-term growth.
— The Japan Times

Malaysia’s manufacturing PMI rises to 43-month high
The Nikkei Malaysia Manufacturing Purchasing Managers’ Index (PMI) rose to a 43-month high to 52.0 in November from 48.6 in October, supported by improvements in domestic and overseas demand conditions.
— The Star Online

SATS poised to dominate catering business in Malaysia
SATS Ltd. (SATS) said its partnership with AirAsia, the largest low-cost carrier (LCC) in Asia, will give them scale in Malaysia, as the LCC accounts for a third of Malaysia’s seat capacity across 16 airports, UOB Kay Hian revealed.
— Singapore Business Review

Malaysian factories in highest surge of over three years
The manufacturing sector provided further signs of Malaysia’s economic recovery, registering an expansion rate last month that was not seen since 2014.
— Malay Mail Online

Glove makers to raise prices, expect record revenue of RM16.2b
Malaysian glove manufacturers will raise the prices follow a hike in energy costs and raw materials while it also sees a record revenue of RM16.2bil for 2017 on strong demand.
— The Star Online

Malaysia’s 2018 fiscal deficit target of 2.8% of GDP achievable: RAM
RAM Ratings opines that Malaysia’s target to narrow its fiscal deficit to 2.8% of gross domestic product (GDP) under Budget 2018, from an estimated 3.0% in 2017, is achievable despite the federal government debt remaining elevated and its contingent liabilities significant at 16.9% of GDP in first half of 2017 (1H 2017).
— The Sun Daily

Malaysia economic growth to moderate in 2018, says RHB Research
RHB Research Instutite Sdn Bhd said the Malaysian economy grew at a robust pace in the January-September period.
— The Edge Markets

Passenger service charge equalisation will have minimal impact on MAHB
The equalisation of the passenger service charge (PSC) for international destinations from klia2 with Kuala Lumpur International Airport (KLIA) next year, will have minimal impact on Malaysia Airports Holdings Bhd (MAHB), analysts said.
— The Sun Daily

Johor caps free WiFi operation hours
The Johor government is limiting the daily operation time of its WiFi service from 6am to 12 midnight after receiving reports about teenagers “lepaking” at WiFi hotspots until the morning.
— Free Malaysia Today

More snatch theft cases in Kuala Lumpur this year: Malaysia police
Snatch theft cases in Kuala Lumpur have increased by 57 per cent this year, according to Malaysian police.
— Channel News Asia

Malaysia opts out of 2022 Commonwealth Games hosting bid
Malaysia is not considering hosting the 2022 Commonwealth Games as it prefers to focus on its preparation for the next year’s edition – in Gold Coast, Australia, from April 4-15.
— The Star Online

What’s the point of Melaka monorail, ask DAP rep, tourists
They ask who would pay RM10 to ride a monorail to ‘no where’ when the Melaka river cruise costs the same amount of money and is more entertaining.
— Free Malaysia Today

Malaysia’s anti-corruption chief says agency is independent, free from influence by PM Najib
Malaysian Prime Minister Najib Razak has never given directives to either pursue or withhold action against any individual but has given “full independence” to the Malaysian Anti-Corruption Commission (Macc), the agency’s chief Dzulkifli Ahmad said on Monday, adding that its actions are free from political pressure.
— Today Online

Najib set to draw battle lines for GE14
Umno’s 71st annual general assembly which begins on Thursday is expected see party members thrashing the federal Opposition, particularly Tun Dr Mahathir Mohamad, who is “willing to be used” to bring down a Malay leadership government.
— Malay Mail Online

More women candidates for BN in GE14, says Zahid
Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi has dropped hints that Barisan Nasional (BN) will field more women candidates in the 14th general election (GE14), which will be called “very soon”.
— Malay Mail Online

 

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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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