Malaysia Morning News For November 10

Malaysia Morning News For November 10

Malaysia morning newsPost-Brexit, Malaysia stands ready to work with the UK
Malaysia and the UK share an intertwined history. As the United Kingdom leaves the European Union (EU), opportunities for new global engagement will abound, including the opportunity for a closer and mutually beneficial relationship between our two countries. Southeast Asia is a fast-growing region of over 640 million people, with a growing middle-class appetite for good and services.
— The Telegraph

Amid political tension, NKorea and Malaysia meet in Thailand
Amid political tension between the two countries, North Korea and Malaysia are about to face each other in a pair of Asian Cup qualifiers in neutral Thailand.
— USA Today

Malaysia should not sign the new TPP
In the next few days, Prime Minister Najib Abdul Razak and the Trade and Industry Minister Mustapa Mohamed will be making a major decision on behalf of Malaysia on whether to join other countries to revive and sign a new Trans-Pacific Partnership Agreement (TPP) without the United States, which pulled out of the TPP.
— Malaysiakini

Malaysia leads Asean in bond market, says analyst
Saying Malaysia has a more conducive regulatory framework than its neighbours, Khoo Boo Hock suggests tax relief for institutional and retail investors will further spur growth in domestic green bonds market.
— Free Malaysia Today

PM: Malaysia to push for peace, stability in Asia Pacific region
The Malaysian Government will always push for more efforts to ensure peace, stability and security in the Asia Pacific, said Prime Minister Datuk Seri Najib Tun Razak.
— Malay Mail Online

Langkawi embarks on effort to achieve ‘Malaysia Zero AIDS’ by 2030
Kedah’s tourism jewel has emerged as the first island in the country to embark on a campaign to achieve the government’s Malaysia Zero AIDS in 2030 campaign.
— New Straits Times

Zecon to develop RM11bil project in Kuching
Zecon Bhd plans to undertake a mixed property development project in Kota Petra, Kuching, Sarawak, with a total gross development value (GDV) of RM11bil.
— The Star Online

Malaysia’s labour force reaches 15 million
The labour force in Malaysia has reached 15 million from the country’s population of 32 million, according to Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin.
— New Straits Times

Malaysia’s Giving Working Moms a Better Maternity Deal Than U.S.
Malaysian Prime Minister Najib Razak laid out his economic plans for next year in what he called the “mother of all budgets.” It could’ve easily been described as a budget for all mothers as well.
— Bloomberg

Malaysia September Industrial Output +4.7% on Year; +6.0% Expected
Malaysia’s industrial production grew at a slower-than-expected pace in September, after hitting a two-year high in the previous month, official data showed Thursday.
— Fox Business

Malaysia’s participation at Astana expo boosted country’s image as leading green energy and innovation player
Malaysia’s participation in the Expo 2017 Future Energy in Astana, Kazakhstan, has boosted the country’s image as a leading player in the field of innovation and green energy.
— New Straits Times

Taiwan Expo 2017 to boost Malaysia-Taiwan trade
The three-day Taiwan Expo 2017 is expected to boost trade relations between Malaysia and Taiwan, said Taiwan External Trade Development Council President and Chief Executive Officer Walter Yeh.
— The Sun Daily

Monsoon season makes Malaysia’s election unlikely this year
A monsoon-season election in Malaysia could threaten turnout and hurt the credibility of the result, a government minister has said, signaling the vote is likely to now be held next year.
— Today Online

Breakingviews – Malaysia throws cash into middle-income trap
Prime Minister Najib Razak says his 2018 “mother of all budgets” will propel Malaysia into the ranks of the world’s top economies. Its $1.5 billion of handouts will enrich farmers, fishermen, rubber traders and other interests. In terms of upgrading competitiveness, it falls woefully short.
— Reuters

Malaysia-Japan two-way trade will continue to prosper: Zahid
The total trade between Malaysia and Japan has increased 17.9 per cent from January until July this year compared to the same period last year, Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said today.
— New Straits Times

For Malaysia, relations with China are good — maybe too good
China and Malaysia are closer than they have ever been in over four decades of diplomatic relations. And if remarks by the outgoing Chinese ambassador are anything to go by, this may be only the beginning — much to the discomfort of certain critics.
— Asian Nikkei Review

Royal couple visit reflects Britain-Malaysia close ties
The seven-day royal visit by Prince Charles, the Prince of Wales and his wife Camilla, the Duchess of Cornwall which ended yesterday, reflected the long-standing close and cordial ties between the United Kingdom (UK) and Malaysia.
— New Straits Times

Malaysians brace for interest rate hike
Bank Negara gave its strongest signal yet that the benchmark overnight policy rate (OPR) may be raised following a meeting of policymakers yesterday.
— The Star Online

UD Trucks keen to explore prospects in Pan Borneo development
Vibrant developments involving the Pan Borneo Highway present viable opportunities for players in the construction sector including those from the heavy machinery and logistics segments.
— The Borneo Post

WIEF a platform to elevate Islamic finance sector
The upcoming 13th World Islamic Economic Forum (13th WIEF) will provide vast opportunities for the private sector as well government decision makers within Sarawak and Malaysia as it serves as an educational and business platform for both sectors.
— The Borneo Post

Malaysia Signals Shift to Tightening Stance on Growth View
Malaysia’s central bank left interest rates unchanged while signaling borrowing costs may start to rise as economic growth gains momentum.
— Bloomberg

Ringgit rallies to late Sept high against US$ on possible rate hike
The ringgit rallied against several key currencies including the US dollar after Bank Negara Malaysia (BNM) signalled a possible interest rate hike.
— The Star Online

oBike to offer services for special events
After providing bicycle-for-rent service for the 29th South-East Asian Games Kuala Lumpur 2017, Singapore bike-sharing company, oBike, is spreading its wings further to offering services for special events held in Malaysia, such as exhibitions and concerts.
— The Borneo Post

Coastal residents in West Kalimantan rely on staple foods from Malaysia
Residents of remote coastal areas in West Kalimantan’s Sambas regency, which shares a border with Malaysia, are reportedly dependent on staple food supplies, mostly rice and sugar, from the neighboring country.
— The Jakarta Post

Legal process for Zakir Naik’s extradition from Malaysia almost done: Govt
India’s legal process for approaching Malaysia for the extradition of Zakir Naik, charged by the NIA for radicalising youths, is “nearing completion” and soon an official request will be sent, the external affairs ministry said on Thursday.
— Hindustan Times

Who’s the Malaysian telco boss jailed for drugs in Dubai?
There are only about a dozen telecommunication firms in Malaysia, but a report that a chief executive officer of one such company was recently jailed in the United Arab Emirates (UAE) over a drug charge has led to a wild goose chase over the identity of the person.
— Free Malaysia Today

 

Feature photo World Bank Photo Collection/Nafise Motlaq
Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

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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