Malaysia Morning News For November 29

Malaysia Morning News For November 29

Malaysia morning newsCross-border payments firm InstaReM moves into Malaysia
InstaReM, a leading digital cross-border payments company, on Tuesday announced its expansion into Malaysia, further solidifying its presence in Asia Pacific (APAC).
— Fin Extra

Malaysia named region’s top emerging economy by WEF
The World Economic Forum (WEF) has named Malaysia as the region’s top emerging economy in its Global Competitiveness Report (GCR) 2017-2018.
— New Straits Times

Malaysia’s prominence in cyber security sector drawing foreign companies, investments
Malaysia’s strong presence in the cyber security sector has attracted many foreign companies to invest here.
— New Straits Times

‘Blacklist status check’ kiosks to be placed in Malaysia’s main airport
Three kiosks have been installed at the Kuala Lumpur International Airport (KLIA) to allow Malaysians to check whether they have been barred from travelling before they get to Immigration control.
— South China Morning Post

Indonesia’s PT Telkom has arranged to acquire a majority stake in Malaysian satellite operator TS Global Network for up to $26 million.
Indonesia’s PT Telkom has arranged to acquire a majority stake in Malaysian satellite operator TS Global Network for up to $26 million.

Global crypto-currency warnings in Malaysia, elsewhere spark search for safe havens
When U.S. entrepreneur Bharath Rao looked around for the best place to raise money for his crypto-currency derivatives trading business, the United States did not make his list. Instead he chose the East African island nation Seychelles to sell the trading platform’s tokens.
— The Star Online

MyCEB connects Malaysia to Corporate Meeting & Incentive Group at IBTM World 2017
Malaysia is once again participating in the annual IBTM World 2017, the leading and biggest global event for the meetings, incentives, conferences, events and business travel industry which will take place at Barcelona, Spain from 28th – 30th November 2017.

Everus Welcomes Bank Negara Malaysia’s Move to Prevent Cryptocurrency Abuse
In light of the Malaysian Central Bank’s (BNM) move to enforce preventive measures for the misuse of cryptocurrency for money laundering and terrorist financing in 2018, Everus Technologies Sdn Bhd is laying out a plan to aid compliance, starting with a preliminary, multi-tier “Know Your Customer” (KYC) verification for its cryptocurrency wallets.
— Coin Telegraph

Malaysia Autoshow 2017 records sales exceeding target
The Malaysia Autoshow 2017 has recorded more than RM700 million in sales and potential sales, exceeding its initial sales target this year, said Malaysia Automotive Institute (MAI) Chief Executive Officer, Madani Sahari.
— Daily Express

Honda Malaysia expands in Sabah
HONDA Malaysia today opened a new Honda 3S centre in the timber and agricultural town of Keningau, Sabah. The centre by Vermillion Autohaus Sdn Bhd is in a town halfway between Tenom and Tambunan, enabling it to also serve those neighbouring townships.
— The Sun Daily

Osram opens $440M Malaysian plant amid world’s widening clamor for LED chips (UPDATED)
With its eyes bulging on an increasingly digitized world that it believes will embed LEDs for sensing and illuminating in everything from automobiles to fitness watches to — oh, yes — general lighting, Osram formally opened its brand new €370 million ($440 million) LED chip manufacturing plant here last week, the first phase of a general €1 billion factory expansion.
— LEDs Magazine

AirAsia to redeploy aircraft as airlines minimise losses due to Bali volcano
As a shutdown of Bali’s airport is extended due to volcanic ash, airlines bracing for millions of dollars of lost revenue per day are scrambling to minimise damage by offering travel to other destinations and alternative transport off the island.
— The Star Online

Council welcomes move for mandatory forest certification
The Malaysian Timber Certification Council (MTCC) has welcomed the move for mandatory forest certification in Sarawak by the state government.
— The Borneo Post

MCMC: Only 18.3pc of Malaysians use Internet to make money
Only 18.3 per cent of Malaysians have been fully utilising the Internet technology to generate income and enhance their potential in business, according to Malaysian Communications and Multimedia Commission (MCMC) Internet Users Survey 2017.
— Malay Mail Online

A study on 1,000 Malaysian found more than 50% not financially ready for retirement
Visa and Credit Counselling and Debt Management Agency (AKPK), which today launched a new mobile app called Financial Insight, said its recent study revealed that more than 50% of Malaysians may not be financially ready for retirement by the time it comes.
— The Sun Daily

World shipping tonnage in 2016 up three per cent to 1.25 bln tonnes — Liow
The world shipping tonnage has increased by three per cent to 1.25 billion tonnes in 2016, said Transport Minister Datuk Seri Liow Tiong Lai,
—The Borneo Post

‘Malaysian women more prominent in economic, education, health sectors’
The lack of women’s participation in political empowerment in the country does not necessarily mean that the government practises discrimination against the gender, said Communications and Multimedia Minister Datuk Seri Dr Salleh Said Keruak.
— The Borneo Post

RAM: Islamic finance key to Sarawak’s infrastructure growth
RAM Ratings expects Sarawak’s infrastructure growth to be mainly funded by Malaysia’s vibrant sukuk market.
— The Borneo Post

MACC to report document leak linked to former exco
The Malaysian Anti-Corruption Commission (MACC) plans to lodge a police report on the leak of documents related to a Johor state executive councillor’s statement recorded by the agency while investigating a graft case earlier this year.
— Free Malaysia Today

Over 50,000 traffic summonses issued to S’poreans in Malaysia since 2014, more than half are outstanding
Out of the 81,708 traffic summonses that have been issued to foreigners in Malaysia since 2014, 50,616 belong to Singaporeans.
— Mothership

Malaysian, Singaporean journalists jailed in Myanmar face extra charge
A Malaysian and a Singaporean journalist jailed by Myanmar over a bid to operate a drone over the Parliament building in Naypyidaw could face further prosecution over the incident, according to The Straits Times.
— Malay Mail Online


Feature photo ILO in Asia and the Pacific


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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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