Malaysia Morning News For October 13

Malaysia Morning News For October 13

Malaysia morning newsNo plans to have ambassador in North Korea: Malaysian foreign minister
Malaysia has no plans to have an ambassador in Pyongyang after it recalled one earlier this year over tensions with North Korea, said Malaysia’s Minister of Foreign Affairs Anifah Aman on Thursday (Oct 12).
Channel News Asia

New Minimum Wage Policy For East Malaysia To Be Ready By 2018
A new minimum wage policy will be finalised by mid-2018 to bridge the income gap between the Peninsula and East Malaysia to address the high cost of living in Sabah and Sarawak.
Malaysian Digest

Malaysia’s household income still growing but at a slower pace – MARC
The country’s average monthly household income as well as the median monthly household income (the middle value) continued to grow in 2016, said Malaysian Rating Corp Bhd (MARC), but at a slower pace compared with the Statistics Department’s previous survey (2012-2014).
The Star Online

Ministry, Energy Commission launch websites to shed light on power industry
The Energy, Green Technology and Water Ministry (KeTTHA) and the Energy Commission (EC) have launched two websites in a bid to disseminate operational and planning information on the electricity supply situation to members of the public and industry players.
The Sun Daily

Singapore, Malaysia, Indonesia to continue efforts to map straits
Updating maps of Singapore’s waters is a tedious process and can take a team of four people months to complete.
The Straits Times (paywall)

Malaysia, Indonesia, Philippines Launch Joint Air Patrols
Malaysia, Indonesia and the Philippines on Thursday launched trilateral air patrols to bolster a three-month-old joint maritime effort that aims to rid their shared borders of threats from Islamic State (IS) extremists.
Benar News

Islamic intolerance rising in pre-election Malaysia
A string of racial and religious incidents in Malaysia has brought concerns of rising Islamic conservatism to the fore, widening the divide between Muslims and non-Muslims as the government plays on identity issues ahead of what is expected to be a jarring and contentious election season.
Asia Times

Malaysia accepts bids for 700MHz spectrum
Earlier this week the Malaysian Communications and Multimedia Commission opened up bids for spectrum in the 700MHz range.
Capacity Media

Analysts say 700Mhz spectrum pricing structure is ‘pro-business’
Analysts contend that the pricing structure for the reallocation exercise by the Malaysian Communication and Multimedia Commission (MCMC) for 700Mhz spectrum blocks is “pro-business”, and therefore a positive development for the sector.
The Sun Daily

Malaysia Needs To Emphasize On R&D To Become Developed Nation By 2050 – DPM
Malaysia needs to emphasize on the importance of research and deveopment (R&D) and innovation in the pursuit of a developed and high income nation, said Datuk Seri Dr Ahmad Zahid Hamidi.
Malaysian Digest

Malaysia needs a social security net: The Star
Some major schemes and programmes introduced by governments are easy for most people to appreciate and support, and as a result, there is barely any resistance.
The Straits Times

DAP rep asks Putrajaya to confirm reported ERCL price increase
The federal government must address a media report claiming that the cost of the East Coast Rail Line (ERCL) may increase further to RM80 billion, said Damansara Utama assemblyman Yeo Bee Yin.
Malay Mail Online

Low awareness, adoption of Industry 4.0 among Malaysian manufacturers
The low awareness and adoption of Industry 4.0 among Malaysian manufacturers may be due to the lack of market size to incentivise them to automate, said Second Minister of International Trade and Industry Datuk Seri Ong Ka Chuan.
The Sun Daily

CAM to build 2MW biogas plant for RM19.8m
CAM Resources Bhd’s wholly-owned subsidiary of Camres, Future Atlas Sdn Bhd (FASB) has undertaken to build a 2MW biogas plant in Taiping, Perak for RM19.8 million.
The Sun Daily

Sun Pharma to increase stake in Ranbaxy Malaysia to 79.5 %
Drug major Sun Pharmaceutical Industries on Thursday said that it will increase stake in its subsidiary Ranbaxy Malaysia Sdn Bhd to 79.5 percent through purchase of shares.
Money Control

MGCC launches inaugural Asean IN Award
The Malaysia Global Chamber of Commerce (MGCC) will be holding the first Asean IN Award 2017 in December to recognise innovation among start-ups and entrepreneurs, and to groom them for further success.
The Edge Markets

Ministry mulls setting up institution to handle green financing
The Energy, Green Technology and Water Ministry (KeTTHA) may set up an institution to handle green financing if the remaining RM1.7 billion available under the Green Technology Financing Scheme (GTFS) is taken up quickly.
The Sun Daily

Homes just aren’t that affordable, Bank Negara tells Malaysians
Malaysia’s central bank has a response to those saying it needs to do more to spur home loans: houses simply aren’t affordable.
The Star Online

Rubber glove exports to hit all-time high
Shares in major rubber glove-producing companies jumped as the industry projected a sharp increase in export sales this year following supply cuts from rivals in China.
The Star Online

Malaysia’s best bike mechanics to represent country at Asia-Pacific finals
AFTER four months of intense competition, the prestigious Castrol Bike Mechanic Contest 2017 came to a brilliant close recently, as Castrol Malaysia unveiled the best Castrol Bike Point Mechanic Team in Malaysia.
The Sun Daily

Volume on Bursa surges past 4b shares but KLCI slumps
Lower liners saw heavy trading activity on Thursday as trading volume surged past four billion shares, the highest since April 6, but blue chips slumped on losses by IHH Healthcare and Tenaga Nasional.
The Star Online

No surplus power supply in Malaysia, says Ongkili
Malaysia is not grappling with an oversupply of electricity despite approving a slew of new power plants, said Energy, Green Technology and Water Minister, Datuk Seri Dr Maximus Johnity Ongkili.
The Edge Markets

Ringgit an unseen gem about to be uncovered
The Malaysian ringgit has been a brilliant under-the-radar story of 2017, and the gains have further to go.
The Star Online

Tight competition for Malaysian produce importers
The Malaysian produce market is a complicated market. There are multiple players importing various produce from different continents. What makes the Malaysian market interesting is the different behaviors exhibited by the different market segments.
Fresh Plaza

Malaysian researcher makes spinach safe to eat for infants
Malaysian researcher Dr Noor Liyana Yusof is fast becoming an internet phenomenon, thanks to the research findings from her PhD thesis, which made headlines in Swedish newspaper Sydsvenskan earlier this month.
Fresh Plaza

Airbus takes full control of Sepang Aircraft Engineering
Airbus SE took full control of Malaysia’s Sepang Aircraft Engineering company after it purchased a 40% stake in 2011, according to the Wall Street Jounal (WSJ).
The Star Online

Malaysia Airlines awaits approval for new haj carrier
Malaysia Airlines chief executive officer Peter Bellew expects to get approval from Khazanah Nasional Bhd to launch the new airline catering to haj pilgrims by year-end.
The Star Online

Bursa Malaysia plantation shares in spotlight on soybean cue
Malaysian equities may today take their cue from crude palm oil (CPO) prices and plantation shares after US soybean futures jumped to a 2-1/2-month high overnight.
The Edge Markets

Witness at Malaysia trial says 4 more suspects in Kim murder
A Malaysian police officer testified Thursday that the two women on trial in the murder of the estranged half brother of North Korea’s leader were seen on airport security videos with two men believed to have provided the VX nerve agent used to kill him.
— The Spokesman Review

 

Feature photo World Bank Photo Collection/Trinn Suwannapha
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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