Malaysia Morning News For October 23

Malaysia Morning News For October 23

Malaysia morning newsMalaysia set to give RM4.2 million to Asean STI Partnership Fund
Malaysia is set to give RM4.2 million to the Asean STI Partnership Fund to boost cooperation and development in science, technology and innovation (STI) among researchers, scientists and engineers in the region.
— The Sun Daily

Najib Says Malaysia Reserves at $100 Billion
alaysia’s international reserves, which amount to more than $100 billion, are much stronger now than during Dr Mahathir Mohamad’s administration, says Prime Minister Najib Razak.
Financial Tribune

As robots advance, up to 5 in 10 Malaysian jobs at risk
Some 18,000 people who lost their jobs in Malaysia in 2015 were from the banking industry, due to the introduction of “disruptive technology”, as Malaysian Employers Federation executive director Datuk Shamsuddin Bardan terms it.
— The Edge Markets

Death toll from Malaysia construction site landslide at 11
Eleven foreign workers were killed in a landslide at a construction site in northwest Malaysia on Saturday, authorities said.
— Reuters

Malaysia must enhance visibility in major European markets – Mustapa
Malaysia’s trade and investment mission to Europe, led by International Trade and Industry Minister, Datuk Seri Mustapa Mohamed, continues to Amsterdam in the Netherlands and Brussels, Belgium, engaging leading companies and potential investors especially in targeted growth areas in innovation and services sectors.
— Astro Awani

No place for exclusivity in Malaysia, says Najib
Malaysian Prime Minister Najib Razak said there is no place in the country for exclusivity, in light of the Muslim-only launderette issue which has plagued the country.
— Today Online

DPM says Malaysia and Turkey having best ties ever
Datuk Seri Dr Ahmad Zahid Hamidi has described the relations between Malaysia and Turkey as “extraordinary”.
—Malay Mail Online

Commentary: Malaysia’s general elections, an uphill battle for the opposition
Malaysia’s general election will have to be held by August 2018 at the very latest, but can be called for any time before that.
— Channel News Asia

Malaysia must endeavour to become regional & global centre for dialogues, says Vijay Eswaran
Malaysia must endeavour to emerge as a regional and global centre for dialogue and in particular a centre for innovation and entrepreneurship, prominent Malaysian Entrepreneur Datuk Seri Vijay Eswaran, said today.
— The Sun Daily

AmBank Research expects Malaysia October inflation to be around 4% y-o-y
AmBank Research expects Malaysia’s 2017 the full-year inflation to be around 3.7% which is closer to the higher range set by Bank Negara Malaysia at 3% – 4%.
— The Edge Markets

Plywood prices on uptrend
Japanese companies are paying more for imported tropical plywood products, including those from Malaysia, due to strong demand and falling inventories.
— The Star Online

CIMB Research starts coverage of Yinson with RM4.88 target price
CIMB Equities Research has started coverage of oil and gas services company Yinson with an Add call, and a sum-of-parts (SOP) based target price of RM4.88.
— The Star Online

Budget 2018: Possible benefits for Malaysian industries
Last week, BizHive Weekly explored themes that could explored for the Budget 2018 which will be announced on October 27.
— The Borneo Post

Despite FTA, Pakistan struggles in trade with Malaysia
Pakistan has failed to bring any improvement in exports to Malaysia in the past three years despite signing a free trade agreement (FTA) and has a negligible share in imports of over $140 billion by the Southeast Asian country, said Lahore Chamber of Commerce and Industry (LCCI) President Malik Tahir Javed.
— Tribune

Appointment of new MAB GCEO draws positive views
Malaysia Airlines Bhd (MAB) has once again found itself a new commander to steer the airline towards profitability with the appointment of Captain Izham Ismail as its new group chief executive officer (GCEO).
— The Borneo Post

Bellew: Aircraft purchase was Malaysia Airlines’ decision, not Najib’s
Malaysia Airlines Bhd’s outgoing chief executive officer (CEO) Peter Bellew has rebutted the comment made by former prime minister Tun Dr Mahathir Mohamad that his resignation is due to interference from current Prime Minister Datuk Seri Najib Razak.
— The Edge Markets

Govt wants PLUS to avoid same fate as Perwaja
The company bidding to take over PLUS Malaysia Bhd must submit a practical and in-depth proposal as the government does not want the highway concessionaire to end up being privatised as was the case with Perwaja Steel Sdn Bhd, said Second Finance Minister Datuk Seri Johari Abdul Ghani.
— The Edge Markets

Bursa Malaysia expected to recover on bargain hunting
The FTSE Bursa Malaysia KLCI (FBM KLCI) is likely to rebound on bargain hunting due to strong external factors coupled with positive sentiment ahead of Budget 2018.
— The Borneo Post

Malaysia needs Pinoy workers
Filipinos looking for jobs abroad may want to consider working in Malaysia, which has a demand for production workers.
— Inquirer

Malaysia Airlines schedules regional A350 service in W17
Malaysia Airlines in latest schedule update filed planned regional operation with the new Airbus A350-900XWB aircraft, set to enter service in December 2017. Initially planned regional operation from December 2017 to mid-January 2018 as follow.
— Routes Online

Passenger service charge should also be based on airport type: Firefly CEO
The passenger service charge (PSC) should be aligned towards the different types of airports and not just by destination, said Firefly CEO Ignatius Ong.
— The Sun Daily

Art Expo Malaysia – bigger and bolder
Now in its 11th year, the longest-surviving art-fair in Southeast Asia recently concluded on Oct 15 at its regular venue, Matrade Exhibition and Convention Centre (MECC), Kuala Lumpur. Featuring 70 established and respectable art galleries/groups from 25 countries, the art fair also showcased 2,000 pieces of artworks, including paintings, sculptures, installation and photography of various styles, manifestations and medium.
—New Straits Times

Malaysia achieve double at World Dodgeball Championships in Toronto
It was double celebration for the Malaysian men’s and women’s teams at the World Dodgeball Championships in Toronto, Canada yesterday.
— New Straits Times

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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