Malaysia Morning News For November 13

Malaysia Morning News For November 13

Malaysia morning newsMalaysia’s 14th general election will take place within next 180 days: DPM Zahid
Malaysia’s Deputy Prime Minister Ahmad Zahid Hamidi has announced that the general election will take place within the next 180 days, reported Malaysian Insight website.
The Straits Times (paywall)

Malaysia’s largest power plant project to begin operations in 2021
Malaysia’s largest combined cycle gas turbine power plant in Alor Gajah, Melaka is expected to begin operations in 2021.
— Malay Mail Online

Malaysia firm gets first right over gov’t hub in Clark
Malaysia-based investment holding company MTD Capital Berhad has been given the original proponent status (OPS) for a P12.7-billion development of a portion of the highly anticipated New Clark City.
— Inquirer

Trans-Pacific Partnership resurrected, 11 member countries agree on text of pact
The Trans-Pacific Partnership (TPP) has been resurrected as the Comprehensive and Progressive TPP (CPTPP) minus 20 provisions, including those in the intellectual property segment, specifically biologics, patent term adjustment and copyrights, which are of particular interest to Malaysia.
— The Sun Daily

Abe seeks Malaysia’s help in getting new TPP up and running early
Prime Minister Shinzo Abe on Sunday sought Malaysia’s cooperation for the early effectuation of the new Trans-Pacific Partnership free trade pact among 11 countries, excluding the United States.
— Japan Times

Towards a carbon-neutral Malaysia by 2050
ASIA’s responses to global climate change underpin the very survival of humankind and other life forms on this planet.
— New Straits Times

MTDC identifies 11 companies for LEAP Market next year
The Malaysian Technology Development Corporation Sdn Bhd (MTDC) has identified 11 companies with potential to be listed on Bursa Malaysia’s Leading Entrepreneur Accelerator Platform (LEAP) Market next year.
— The Borneo Post

Analysts tip Bank Negara to raise policy rate in second half of 2018
Analysts have projected a 25 basis point (bps) increase in the Overnight Policy Rate (OPR) to 3.25% in the second half of 2018 (2H18), following signs of hawkishness at Bank Negara Malaysia’s Monetary Policy Committee (MPC) meeting last Thursday.
— The Sun Daily

Aiming to be net exporter of fruits
Sarawak aims to become a net exporter of fruits and fruit products not only in Malaysia but also in the region.
— The Borneo Post

Ministry to convert IQF plant into CPPC
The Ministry of Modernisation of Agriculture, Native Land and Regional Development will convert the Individual Quick Freezing (IQF) Plant in Tarat, Serian into a collection, processing and packaging centre (CPPC).
— The Borneo Post

CIMB to triple annual CSR spend from 2018 to 2020
CIMB Group Holdings Bhd on Saturday announced it will triple its Corporate Social Responsibility (CSR) spend over the next three years, by committing 1% of the group’s profit before tax (PBT) to CIMB Foundation between 2018 and 2020 for initiatives throughout Asean.
— The Sun Daily

Continued Consolidation Called For Malaysia Shares
The Malaysia stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had picked up more than 10 points or 0.6 percent. The Kuala Lumpur Composite Index now rests just above the 1,740-point plateau and it draws another soft lead for Monday.
— Nasdaq

Malaysian bestowed prestigious global advertising honour in Bucharest
Advertising practitioner Tony Savarimuthu was recently awarded the International Advertising Association’s (IAA) ‘2017 Inspire Global Champion Award’ during its Global Conference held in Bucharest, Romania last month.
— New Straits Times

Corporate Malaysia grapples with leadership succession
For much of the last two decades, Tan Sri Francis Yeoh Sock Ping, the eldest of seven children, was favoured by his father to play the lead role in the transformation of YTL Group from a mid-tier construction group into one of Malaysia’s most diversified conglomerates.
— The Straits Times (paywall)

MACC: High profile cases pending AG’s approval for prosecution
Malaysian Anti-Corruption Commission (MACC) chief commissioner Dzulkifli Ahmad said there are several high profile cases under investigation, that are pending approval from the Attorney-General’s Chambers, for prosecution in court.
— Free Malaysia Today

Malaysia’s England very ‘char kway teow’? #SPM2017
By now everyone from Alor Setar to Alpha Centauri has read about last week’s SPM English question which created a brain-freeze in a million students:
— Malay Mail Online

NGO finds 12,000 stateless people in four states
An NGO dedicated to the upliftment of the rural community has described the number of stateless people, especially Indians, in four Malaysian states it surveyed as “alarming”.
— Free Malaysia Today

Cambodian maids: Resolve glitches in direct recruitment, says envoy
Malaysian Ambassador to Cambodia Hasan Malek says among the problems are the provision of training, salary approval and allowing the implementation of the re-employment programme stalled in 2011.
— Free Malaysia Today

Savings that can help improve healthcare
Concessionaire companies may be getting rich at the expense of quality government health care.
— Free Malaysia Today

Malaysia-Indonesia cultural spat: A kin long forgotten?
ndonesians were angered over Miss Grand Malaysia’s costume, claiming it to be a blatant theft of their cultural heritage.
— Malaysiakini


Feature photo Bernard Spragg. NZ
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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