Malaysia Morning News For November 8

Malaysia Morning News For November 8

Malaysia morning newsForeign parties seen taking lead in MRT3
Foreign parties are likely to take the lead in Mass Rapid Transit Line 3 (MRT3) as the financing proposal and technical experience requirements look to rule out Malaysian contractors for the project, which is estimated to cost RM35 billion to RM40 billion.
— The Sun Daily

Global investors are buying into Malaysia’s bonds
Global investors’ appetite for Malaysia’s bonds, as seen in the recent buy in of Press Metal Aluminium Holdings Bhd’s US$400 million non-investment grade bond, spells bright future.
— New Straits Times

Malaysia opens one-stop centres for visa processing
Getting a visa to travel to Malaysia is now more convenient as the Malaysian missions in Abu Dhabi and Dubai have launched two new One-Stop Centres (OSC) to provide these services.
— Gulf News

Malaysia’s Securities Watchdog Plans Cryptocurrency Regulations
Malaysia’s securities regulator has revealed it is planning a regulatory framework for cryptocurrencies.
— Coin Desk

Malaysia’s population reaches 32.2 million in Q3 2017
Malaysia’s population reaches 32.2 million in the third quarter (Q3) (July to September) this year, the Statistic Department said.
— New Straits Times

Will a Texas firm finally find Malaysia flight 370?
A Texas-based company could earn between $20 million and $70 million and if it finds any of the wreckage of the Malaysian jetliner that went missing over the Indian Ocean in 2014. Or it could wind up with nothing under the terms of a 90-day contract that it’s negotiating with the Malaysian government.
— Money Watch

Malaysia Miri Light crude touches about $69/bbl
The rising demand for crude oil that can more easily produce transportation fuels when refined has some Australian and Malaysian producers boasting cargoes valued at close to $70 a barrel, a hefty premium to global benchmarks.
— The Star Online

Malaysia’s reserves up marginally at $101.5 bln as of Oct 31
Malaysia’s gross international reserves inched up to $101.5 billion as of Oct.1, from $101.4 billion on Oct 13, the central bank said on Tuesday.
— Reuters

Envisioning Malaysia 2050
The Academy of Sciences Malaysia (ASM) embarked on the Envisioning Malaysia in 2050 Foresight initiative in 2015. The aim of this flagship study is to look at the big picture of the future we desire and share insights and expert knowledge towards building a strategic vision for Malaysia towards 2050. In sharing this study with ASEAN partners, we hope that it would pave the path for a foresight initiative for the ASEAN region.
— New Straits Time

Pharmaniaga to promote affordable Hep C treatment in Malaysia
Pharmaniaga Bhdwill be collaborating with Pharco Pharmaceuticals and the Drugs for Neglected Diseases Initiative in an effort to promote affordable access to drug treatment of Hepatitis C in Malaysia.
— The Star Online

50% of 3.6 mln Malaysian diabetics are women
Diabetes is the ninth leading cause of death in women, said Luyang Health Clinic head Dr Lee Wai Khew.
— The Borneo Post

Sabah and Sarawak receive over RM6.8 bln under Budget 2018
Budget 2018, which was presented by Prime Minister Datuk Seri Najib Tun Razak on Oct 27, demonstrates the government’s sincerity in driving the economic growth of the country and ensuring the prosperity of all Malaysians.
— The Borneo Post

RM150mil for flood mitigation projects
The Federal Government has approved RM150mil for flood mitigation projects to be carried out in Penang.
— The Star Online

Bank Negara’s RM500m disaster relief fund for flood-hit SMEs
Bank Negara Malaysia (BNM) is making available a RM500mil disaster relief facility for small medium enterprises (SMEs) affected by the recent floods in the northern states of Peninsular Malaysia.
— The Star Online

Malaysia Airlines, Tourism Board to boost arrivals to Sabah
Malaysia Airlines Berhad (MAB) in London and Sabah Tourism Board (STB) signed a new partnership campaign for 2018 to continue to boost arrivals to Sabah and raise the profile of Borneo (Kota Kinabalu) in the United Kingdom.
— The Borneo Post

Gas Malaysia in joint venture with Sime Darby Offshore Engineering
Gas Malaysia Bhd is teaming up with Sime Darby Offshore Engineering Sdn Bhd (SDOE) to provide electricity, steam, chilled water, hot water, hot air and/or any other utilities via combined heat and power (CHP) system to industries in Malaysia.
— The Sun Daily

Foreign outflows from Malaysia stocks gain momentum
Foreign selling of Malaysia’s stocks accelerated in the past week as the nation’s benchmark equity index and the Malaysian ringgit were unchanged.
— The Edge Markets

Malaysia set to benefit from ASEAN-Hong Kong FTA: Minister
Trade between Malaysia and China’s Hong Kong Special Administrative Region is set to increase following the signing of ASEAN-Hong Kong free trade agreement (FTA), which is expected to be concluded this week at the earliest, said Malaysian Prime Minister’s department minister Wee Ka Siong on Tuesday.
— China Daily

Justice secretary of China’s HKSAR visits Malaysia to promote closer ties
Secretary for justice of the government of China’s Hong Kong Special Administrative Region (HKSAR) started visit to Malaysia on Tuesday with a delegation of legal professionals to promote Hong Kong’s ties with the southeast Asian country, especially in cooperation on international legal services.
— Xinhua Net

Jailed Malaysian opposition leader to undergo surgery
The family of jailed Malaysian opposition leader Anwar Ibrahim said Tuesday he will undergo shoulder surgery this weekend and asked that human rights groups be allowed to monitor the procedure to ensure his safety.
— The News & Observer

Malaysia arrests man who dressed as suicide bomber for Halloween
Police in Petaling Jaya, Malaysia on Tuesday (Nov 7) arrested a man who dressed up in a “suicide bomber” outfit for a Halloween party.
— Channel News Asia


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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