Malaysia Morning News For December 7

Malaysia Morning News For December 7

Malaysia morning newsMalaysia’s Prime Minister Is Spending Billions To Win Back Voters In 2018 Elections
In 2015, Malaysian Prime Minister Najib Razak found himself in the middle of a controversy. It was alleged that Najib diverted money — close to $700 million — from the state-owned business development firm 1MDB into a personal account. Najib has denied any misconduct in relation to 1MDB, and Malaysia’s Attorney General cleared him of any wrongdoing over the transfers.
— Forbes

Malaysia ranks 9th among Asia Pacific nations with most empowered women
Malaysia is now ranked the 9th country with the most empowered women in Asia Pacific, ahead of Indonesia, China and Brunei based on the latest Malaysia Gender Gap Index (MGGI) released by the Department of Statistics Malaysia (DOSM).
— New Straits Times

Malaysia’s economy to continue performing strongly in 4Q2017, says AmBank Research
AmBank Group Research expects Malaysia’s economy to continue performing strongly in 4Q2017, with preliminary estimates at 6.0%.
— The Edge Markets

Malaysia Airlines partners Interglobe to boost customer service
Malaysia Airlines has partnered Interglobe Technologies Pvt Ltd (IGT) to enhance its customer service via social customer service support.
— The Sun Daily

Marriott Eyes Japan, Malaysia
The hotel giant announced Tuesday that it has reached an agreement with long-time partner YTL Hotels to develop four new properties in Malaysia and Japan.
— Travel Pulse

Malaysians shopping with smartphones as confidence in ecommerce rises
Connected consumers in Malaysia are using their smartphones to purchase a range of goods online according to the results from the latest Connected Life study from Kantar TNS.
— Kantar TNS

SGShop confident in reaching 500,000 Malaysian customers
Singapore’s base online shopping portal SGShop is confident to reach its target of 500,000 online purchaser from Malaysia subscribing to its online merchandise retailing service by year 2020.
— New Straits Times

Affin Hwang AM launches Malaysia’s first syariah-compliant commodity ETF
Affin Hwang Asset Management Bhd (Affin Hwang AM) believes that its newly listed gold exchange-traded fund (ETF), called TradePlus Shariah Gold Tracker, will grow to RM100 million to RM200 million within a year.
— The Sun Daily

Malaysia to plant coconuts, pineapples and bananas in new cultivation project
The Malaysian Federal Land Consolidation and Rehabilitation Authority (Felcra) plans to carry out a food crop cultivation project through commercial plantations in Pulau Banggi. They are planning to plant coconuts, pineapples and bananas commercially which at the same time will help develop the island.
— Fresh Plaza

Bank Negara: Beware of those with fake money-lending licences
Bank Negara Malaysia (BNM) has cautioned the public on the recent modus operandi by persons or companies conducting illegal money lending activities using fake money lending licences purportedly issued by the central bank.
— The Sun Daily

Malaysia, Indonesia concerned over Jerusalem move
The Organisation of Islamic Cooperation (OIC) members must object in a united voice to any suggestion by the United States to recognise Jerusalem as Israel’s capital, Malaysia’s deputy prime minister Ahmad Zahid Hamidi said on Wednesday (Dec 6).
— The Straits Times

Sultan Johor owns 15.52pc stake in 7-Eleven Malaysia
7-Eleven Malaysia Holdings Bhd announced today that Sultan of Johor, Sultan Ibrahim Sultan Iskandar, has further increased his stake in the company to 15.52 per cent representing a total of 172.37 million shares from 8.44 per cent held in August 2017.
— New Straits Times

Malaysia exports record for twelfth straight month of growth
Malaysia’s export growth rose more quickly than forecast in October as shipments of electronic products and petroleum products climbed.
— Financial Times

E&E will lead Malaysia’s export in 2018: Mustapa
Although export growth may moderate next year due to base effects, it will continue to be led by electrical and electronic (E&E) products and commodities such as crude petroleum and palm oil says International Trade and Industry Minister Datuk Seri Mustapa Mohamed.
— New Straits Times

Malaysian equities to outperform in first quarter of next year
The Malaysian equities’ outlook is expected to be less promising post-14th general election (GE14), according to UOB Kay Hian Malaysia Research.
— The Star Online

Malaysian banks to remain stable in 2018: Standard & Poor’s
The overall credit profile of Malaysian banks in 2018 will remain stable underpinned by benign asset quality strong capital base, healthy funding and liquidity positions says Standard & Poor’s Global Ratings.
— New Straits Times

The growing threat of IS in Malaysia
Islamic State or IS, otherwise known as Daesh, is the manifestation of what the mid-19th-century French sociologist Émile Durkheim called “anomie”.
— Malaysiakini

New Zealand’s governor general pays visit to Malaysia
Malaysia rolled out the red carpet Wednesday for New Zealand’s governor general, who is marking 60 years of diplomatic ties between the countries.
— ABC News

 

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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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