Malaysia Morning News For October 18

Malaysia Morning News For October 18

Malaysia morning newsMore Norwegian firms to invest in Malaysia, says envoy
The number of Norwegian companies in Malaysia is expected to increase in the next two to three years from the existing 50 as Malaysia is seen as an important market for the Scandinavian country, especially in oil and gas (O & G) sector.
The Star Online

Malaysia’s trade volume up 26% this year
The country’s trade volume for the first eight months of this year reached RM1.163tril.
The Star Online

Malaysia to ramp up initiatives and internationalise halal concept
Malaysia will ramp up its initiatives to internationalise its halal concept and show that the market extends beyond mere halal food products.
New Straits Times

Bentong to be first smart city in Malaysia under Obor
The China Smart Creation (CSC) Smart Eco-Valley in Bentong, Pahang, benefiting from the “One Belt, One Road” (OBOR) initiative, will be Malaysia’s first smart city.
The Sun Daily

Malaysia firm offers P121.8 B to put up government complex in Clark
Malaysia’s MTD Berhad Capital has submitted to the Bases Conversion and Development Authority (BCDA) an unsolicited proposal to establish a 207-hectare New Clark City National Government Administrative Center through a joint venture agreement for P121.8 billion.
— Philstar

MH370: three companies approach Malaysia over restarting search for plane
Malaysia has received proposals from three companies offering to continue the search for Malaysian Airlines flight MH370, which has been missing since 2014, but no decision has been made yet.
— The Guardian

PM opens KL-Singapore rail line for public inspection
Prime Minister Datuk Seri Najib Razak unveiled the proposed Kuala Lumpur-Singapore High Speed Rail (MyHSR) scheme for public viewing and response today.
— Malay Mail Online

Malaysians bring Ramly burger to New York (VIDEO)
A Malaysian food stand has introduced the famous Ramly burger, with the patty wrapped in a fried egg, to New Yorkers in the United States.
Malay Mail Online

Malaysia Airlines may lose CEO Bellew to Ryanair (Update)
Peter Bellew, who has been Malaysia Airlines Bhd group managing director and chief executive officer for less than 1½ years, is rejoining former employer Ryanair Holdings PLC as chief operations officer, according to the Irish low-cost carrier.
— The Star Online

East and West Malaysia Gain Enhanced Mobile Broadband with SES Networks and CompuDyne
CompuDyne, a leading telecommunications solutions provider in Malaysia, is partnering with SES Networks to bring high quality and cost-effective cellular backhaul service to both East and West Malaysia and its surrounding islands.

Australia and Malaysia strengthen maritime cooperation
he Malaysian Coast Guard (MCG) and the Australian Border Force (ABF) have completed Exercise Redback IX; the latest in an ongoing series of cooperative maritime law enforcement training exercises with a focus on combating people smuggling and human trafficking.

Malaysia has no intention to interfere in Myanmar’s affairs despite voicing concern over the welfare of Rohingya
While Malaysia has repeatedly spoken out on the plight of the Rohingya minority in Myanmar, it was never Putrajaya´s intention to interfere in the internal affairs of another country, Malaysian Deputy Prime Minister Ahmad Zahid Hamidi said on Tuesday (Oct 17).
Today Online

MERCY Malaysia Aims To Raise RM5 Million To Support Humanitarian Efforts In Cox’s Bazar
Malaysian Medical Relief Society (MERCY Malaysia) is aiming to raise RM5 million to support its humanitarian efforts for Rohingya refugees in Cox’s Bazar, Bangladesh and a minimum of RM1 million to help internally displaced persons in Northern Rakhine, Myanmar.
Malaysia Digest

Using satellite data to respond to environmental disasters in Malaysia, Ethiopia and Kenya
The challenge of providing a rapid response to environmental disasters as varied as flooding, drought, illegal logging and oil spills is the focus of two new projects in which the University of Oxford is a key partner.
Eurek Alert

Malaysia’s jobless rate at 3.4% in August
Malaysia’s unemployment rate for August stood at 3.4%, dropped 0.1 percentage point compared with the previous month, according to the Department of Statistics.
— The Sun Daily

United Malacca inks deal to buy controlling stake in Sulawesi plot
After over a year since it put forth a plan to expand its plantation land in Indonesia via a joint venture with an Indonesian firm, United Malacca announced today that it has inked a conditional agreement to put the plan in motion.
— The Edge Markets

Top Glove plans RM1bil acquisition
Top Glove Corp Bhd will soon announce a major acquisition which will be around RM1bil, according to its chairman Tan Sri Lim Wee Chai.
— The Star Online

Inflation to pick up in September on higher oil prices: RAM Ratings
RAM Ratings expects the inflation rate to climb further to 4.6% in September or 0.9 percentage points (ppt) higher than the 0.5ppt increase in August, amid rise in oil prices.
The Sun Daily

Malaysian analyst says Bombardier deal may jumpstart CSeries jet sales in Asia
Airbus SE’s deal for a majority stake in Bombardier Inc’s CSeries jet program is expected to jumpstart sales of the Canadian aircraft in Asia, analysts said.
— The Star Online

Ringgit easier against resurgent greenback
The ringgit extended earlier losses to close easier against a rejuvenated US dollar today, in tandem with the downtrend in the Asian currencies market, dealers said.
The Sun Daily’s Q3 earnings fall 12.3%, declares 4.9 sen dividend Bhd reported a 12.3% drop in net profit to RM384.62 million for the third quarter (Q3) ended Sept 30, 2017 against RM438.38 million in the previous corresponding period, due to lower revenue as well as higher depreciation and amortisation.
— The Sun Daily

Malaysia’s Islamic finance urged to embrace fintech
Islamic banks and financial service providers in Malaysia, which is currently riding out a slowdown in global growth of the sector, have been told they should develop more new products and embrace innovative tools from financial technology (fintech) startups in order to better navigate through the current disruptive phase the global financial sector is experiencing.
Gulf Times

Proper planning needed towards retirement savings
EPF Retirement Advisory Service (RAS) officer Ronney Khairuddin described this as a worrying scenario, given that most Malaysians would need more savings for longer retirement days.
The Borneo Post

Three arrested in Malaysia for ‘beer festival bomb plot’
Malaysian police arrested three people, including a teenager, suspected of planning to detonate a bomb at an annual beer festival in the capital, the police chief said on Tuesday.
Bangkok Post

Dead or alive? Hunt is on in Marawi for Malaysia’s most wanted terrorist
Philippine troops in Marawi City are hunting down a Malaysian militant who helped to finance the months-long siege of the southern Philippine city by pro-Islamic State groups.
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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