Malaysia Morning News For October 25

Malaysia Morning News For October 25

Malaysia morning newsMalaysian companies to invest US$1.5b in China real estate
Some 20 Malaysian companies are expected to snap up real estate in China totalling up to RM6.3 billion in value during a property promotion event to be held in the city of Chengdu in January next year, The Edge reported today.
— Free Malaysia Today

From food to cosmetics, Japan firms eye Malaysia’s halal industry: SMBC
Japan’s Sumitomo Mitsui Banking Corp (SMBC) is looking to back a push by Japanese firms planning to invest in Malaysia’s Shariah-compliant halal market, an SMBC official has said.
— Gulf Times/Reuters

Malaysia is world’s fifth largest and Asean leader in BMW hybrids
MIRRORING the ongoing success of the BMW Group for its electro mobility vehicles worldwide, BMW Group Malaysia has announced that it had already assembled and delivered over 4,500 units of the BMW 330e, X5 xDrive40e and the 740Le xDrive in the country, the highest not only in Malaysia but in Asean and the world in comparison to the percentage of total number of vehicles delivered in the country.
— The Sun Daily

Business sentiment in Malaysia positive – economist
Business sentiment in Malaysia is currently positive due to the Government’s policies, strategic planning and foresight in the previous budget which had encouraged the growth of the nation’s industries.
— The Star Online

Malaysia’s gambling law to be tweaked to combat illegal gambling
The Government is crafting new legislation to combat illegal gambling, says Datuk Seri Dr Ahmad Zahid Hamidi (pic).
The Star Online (video)

The Latest: Malaysia trial in Kim murder concludes for day
The Latest on the trial in Malaysia of two women accused of killing North Korean ruler’s half brother (all times local): 2 p.m.
— The Washington Post

Malaysian PM’s last budget is last shot to win votes
Malaysian Prime Minister Najib Razak is expected to reduce unhappiness over rising costs of living when he unveils his 2018 budget on Friday, before an election that must be held within 10 months.
— Aljazeera

Najib’s economic vision for Malaysia
Days before the 2018 Budget is to be unveiled on Friday (Oct 27), Datuk Seri Najib Tun Razak (pic) has penned thoughts on his economic vision for Malaysia.
— The Star Online

Najib refutes claim that GST was to pay for 1MDB
Prime Minister Datuk Seri Najib Razak has refuted the claim that the implementation of the goods and services tax (GST) was to pay for state investment fund 1Malaysia Development Bhd (1MDB).
— The Edge Markets

Malaysia to foster unity through education: Prime Minister’s Department
There will be no forced unity in the country, said the Prime Minister’s Department Tuesday.
— New Straits Times

MOHE launches Malaysia English Assessment for university students
THE Ministry of Higher Education today launched the Malaysia English Assessment (MEA) for university students in an effort to enhance the Ecosystem for English Language Learning and Assessment in Higher Education.
— New Straits Times

Malaysia will not make hurried investment decisions in Myanmar
The Malaysian government will not make any hasty decisions on its investments in Myanmar despite the Rohingya refugee crisis as any form of unilateral action to cut diplomatic ties with Myanmar will limit its ability to help the Rohingya, according to Malaysian media reports.
— Myanmar Times

Ecotourism to the fore at Citrawarna 2017
Come Saturday, Malaysians and tourists will be feted to a colourful mix of musical splendour against a nature backdrop as the 18th Citrawarna @ Kuala Lumpur 2017 takes off.
— Malay Mail Online

Forest Dept hopes to eradicate illegal logging by 2020 through campaigns
The Forest Department has started an awareness campaign on illegal logging for community leaders throughout the state in order to achieve zero illegal logging by 2020.
— The Borneo Post

Govt hospitals recycling single-use devices to save money
Lack of funds is driving some government hospitals to recycle single-use devices at the risk of patient safety, a highly placed source in the healthcare sector told FMT.
— Free Malaysia Today

Malaysia makes significant progress in sustainable energy deployment
The Malaysian Government has made major strides in the deployment of sustainable energy which involves renewable energy (RE), energy efficiency (EE) and addressing climate change, said Ministry of Energy, Green Technology and Water, Deputy Secretary General (Energy and Green Technology), Datin Badriyah Abd Malek.
— The Borneo Post

Grab Malaysia urges govt to subsidise certain e-hailing rides
Grab Malaysia country head Sean Goh is calling on the government to support the people who use public shared services by subsidising e-hailing rides.
— The Sun Daily

Renewed Support Expected For Malaysia Stock Market
The Malaysia stock market headed south again on Tuesday, one session after it had ended the four-day slide in which it had fallen almost 15 points or 0.9 percent. Now at a fresh six-month closing low, the Kuala Lumpur Composite Index now rests just above the 1,735-point plateau although it figures to rebound on Wednesday.
— Nasdaq

Sunway to take full control of project by buying out EPF’s stake
Sunway Bhd is also buying out the Employees Provident Fund Board’s (EPF) 20% stake in the Sunway South Quay project in Bandar Sunway, Selangor, after signing a similar agreement to buy Kuwait Finance House (M) Bhd’s (KFH) 20% stake earlier this month.
— The Star Online

Edaran bags RM150mil Customs contract, EPS to jump 16 sen
Edaran Bhd has received its second contract extension from the Royal Malaysian Customs Department to maintain the Customs Information Systems (SMK), along with upgrading work, in a deal worth RM149.97mil.
— The Star Online

Johor’s PIC on track with 77 per cent completed
The development of the Pengerang Integrated Complex (PIC) in Johor is about 77 per cent completed and is on track for start up by the first quarter of 2019.
— The Borneo Post

Escaping middle income trap a continuous challenge for Malaysia, says S&P Global Ratings
Escaping the middle income trap would continue to be a challenge for Malaysia, S&P Global Ratings said, adding that the modest income levels and vulnerability to global economic conditions constrain the country’s economic resilience.
— South China Morning Post

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.

 

Support independent media by sharing

Leave a Reply

Your email address will not be published.