Malaysia Morning News For October 3

Malaysia Morning News For October 3

Malaysia morning newsForeign funds sell nearly RM1bil of Malaysian shares
Foreign investors stood firm to their selling positions for the second week, surpassing the preceding week’s year-to-date high.
The Star Online

Malaysia gets US$6mil fund to manage Straits of Malacca, Singapore
The Malaysian government has received a US$6mil (RM25.4mil) fund to manage security and environmental matters in the Straits of Malacca and Singapore.
The Star Online

Malaysia on track to achieve RM1.15b medical tourism revenue this year, says Dr Hilmi
Malaysia is on track of achieving RM1.15 billion in medical tourism industry revenue by year end, said Deputy Health Minister Datuk Seri Dr Hilmi Yahaya.
New Straits Times

Malaysia Airports eyes Budget 2018 funds to upgrade ‘overcrowded’ airports — MD
Malaysia Airports Holdings Bhd hopes the Malaysian government will allocate funds under Budget 2018 to expand its airport in Selangor’s Subang suburb besides those in Penang and Sabah’s Kota Kinabalu in anticipation of higher flight frequency.
The Edge Markets

Malaysia minister urges fleet to up focus on tuna catching
The Malaysian agriculture minister said the country’s fishing firms need to up their focus on tuna catching, reports the Sun Daily.
Undercurrent News

Malaysia told to fight zealotry with better education system
The UN Special Rapporteur in the field of cultural rights, Karima Bennoune, has urged Malaysians to be wary of letting fundamentalist ideologies seep through the education system.
Free Malaysia Today

Malaysia to maintain double-digit export growth this year
MALAYSIA’S trade export numbers this year are expected to remain in the double digit although there may be some slowing down towards the end of the year.
The Malaysia Insight

Malaysia foresees digital economy employment growth surpassing global average
Malaysia’s International Trade and Industry Ministry (MITI) said continuous investment and robust development in digital technology will spur employment growth in the country’s digital economy.
The Edge Markets

China turns Malaysia’s East Coast Rail Link into reality
Ground has been broken on the massive $13bn East Coast Rail Link in Malaysia, a ’game-changing’ project which has the potential to connect previously underserved regions of the country and spur trade between its main shipping ports. The new railway will be built by China, which, for some, is yet another sign of China’s growing influence over the region.
Railway Technology

Bajaj to turn Malaysia into regional hub
ndia’s Bajaj Auto Ltd (BAL), the world’s third largest motorcycle manufacturer, is keen to make Malaysia its manufacturing base as they seek to make inroads into the Asean market.
The Borneo Post

Singapore shares post first gain in 3 days, Malaysia equities extend fall
Singapore shares rose for the first time in three sessions on Monday, as strong economic data from China and South Korea over the weekend offset concerns about the heightened risk of a conflict between the U.S. and North Korea. Malaysia stocks fell to their lowest level in 11 weeks.
Nikkei Asian Review

Ringgit falls after overseas funds sell stocks: Inside Malaysia
Malaysia’s ringgit falls following its biggest weekly drop this year, as higher U.S. Treasury yields boost the dollar. Global funds sold the most Malaysian equities in 10 months last week.
The Edge Markets

Malaysia’s Acme Holdings Sees 34.02 Mln Shares Worth MYR11.57 Mln Sold Off-Market
Malaysia’s Acme Holdings, an audio systems maker, saw a total 34.02 million shares valued at 11.57 million ringgit ($2.73 million) sold in off-market trades, data from N2N trading platform shows.
Nikkei Asian Review

Khazanah expects 2018 budget to have tech initiatives
Government investment arm, Khazanah Nasional Bhd, expects the 2018 Budget to have initiatives to promote the development of technology,
The Borneo Post

Golden Palm Growers investors agree to terminate scheme, give management one year to dispose of plantation land
Investors of the soon- to-be-defunct investment scheme Golden Palm Growers questioned the management company’s board members for five hours today, ruing its impending termination after seven years in operation, especially when the fresh fruit bunch (FFB) yield is expected to be on an upward trend.
The Sun Daily

Petronas Chemicals sells 50 pct stake in PRPC Polymers for RM3.8 bln
Petronas Chemicals Group Bhd (PCG) has disposed a 50 per cent stake in PRPC Polymers to Aramco Overseas Holdings, a wholly owned subsidiary of Saudi Arabian Oil Company (Saudi Aramco), for US$900 million or RM3.8 billion, making the buyer an equal joint venture partner in a mega integrated project.
The Borneo Post

Firms optimistic on business prospects for 2H17
Malaysian firms are optimistic about their business prospects for the next six months, according to the fourth RAM Business Confidence Index (RAM BCI).
The Borneo Post

China opens up markets to Malaysian pineapples
China has opened the market to Malaysian pineapples for the first time, with the first batch of products arriving at the Shanghai Pudong International Airport Friday.
Fresh Plaza

More growth seen for Malaysia’s biodegradable packaging industry
Malaysia’s Bioeconomy Community Development Programme has been responsible for 35 projects and created an additional average monthly income of more than US$1,000 for farmers involved
South China Morning Post

Local, foreign investors take up CIMB’S 4.56 per cent stake sold by MUFG
Mitsubishi UFJ Financial Group’s (MUFG) 4.56 per cent stake in CIMB Group Holdings Bhd have been taken up by both local and foreign institution investors, says CIMB Group chief executive Tengku Datuk Seri Zafrul Aziz Tengku Abdul Aziz.
The Borneo Post

Malaysia’s manufacturing PMI dips in September
The headline Nikkei Malaysia Manufacturing Purchasing Managers’ Index (PMI) – a composite single-figure indicator of manufacturing performance – dipped from 50.4 in August to 49.9 in September, after showing improvement for the first time in four months in August, on reduced new business orders that declined for the fifth successive month.
The Sun Daily

 

Feature photo SpencerWing
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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