Malaysia Morning News For October 6

Malaysia Morning News For October 6

Malaysia morning newsMalaysia upgrades logistics infrastructure to support e-commerce ambitions
Malaysia is investing heavily in transport logistics infrastructure in its bid to become the preferred e-commerce gateway in Asia.
The Load Star

Malaysia to be Asean logistics hub (Updated)
The government plans to turn the country into a logistics hub for the Asean region by providing seamless connectivity, said Transport Minister Datuk Seri Liow Tiong Lai.
The Sun Daily

Malaysian pension giants to seek insurer deal talks
Malaysia’s two biggest pension funds, which manage a combined US$203bil, plan to pursue talks to buy stakes in foreign-owned insurers in the country as the government enforces caps on overseas ownership, people with knowledge of the matter said.
The Star Online

Malaysia’s Central Bank Is Considering a Cryptocurrency Ban
The governor of Malaysia’s central bank would not rule out a ban on cryptocurrencies when discussing upcoming regulation yesterday.
Coindesk

Govt allocates RM365m to build Malaysia’s first Endocrine Hospital Complex
The government has allocated RM365 million to build the Endocrine Hospital Complex to cater for the growing number of endocrine patients, Health Minister Datuk Seri Dr S Subramaniam.
The Borneo Post

Ministry installs smart traffic system, not speed traps
Minister of Local Government and Housing Datuk Dr Sim Kui Hian revealed that his ministry is currently installing smart traffic system aimed to reduce traffic jams, but they are not speed traps as rumoured on social media.
The Borneo Post

Budget 2018 to focus on boosting SMEs, digital economy
With only a few weeks left before the tabling of Budget 2018, speculations are running high on what changes the new budget will entail.
The Borneo Post

More support for house buyers expected in Budget 2018
AmBank Research (AmResearch) said Budget 2018 could see some measures to support home buyers, including allowing Employees Provident Fund (EPF) contributors to withdraw a maximum of 50% of their funds in Account II to purchase houses, up from 30% currently.
The Sun Daily

LRT3 jobs worth RM4bil dished out
A slew of contracts for the Light Rail Transit Line 3 (LRT3) was awarded to three listed companies totalling RM4.15bil in value.
— The Star Online

Amplified growth expected for rubber gloves sector in 2H17
The rubber gloves sector is expected to be buoyed by solid demand which will further boost the sector’s earnings for the second half of 2017 (2H17), analysts observed.
The Borneo Post

Malaysian palm oil price pares gains on concerns of rising output, weaker exports
Malaysian palm oil futures climbed to a one-week high in early trade on Thursday before paring gains later on concerns of rising output and weakening exports.
The Star Online

Malaysia palm oil stocks seen rising to 19-month high
Malaysian palm oil end-stocks likely reached the 2 million tonne mark in September, their highest since February 2016, a Reuters poll showed, with production forecast to come in at its strongest monthly level in nearly two years.
The Business Times

Sunway Construction gets RM2.3b LRT3 contract
Sunway Construction Group Bhd received a big boost on Thursday after it secured a RM2.308bil contract for a package of the light rail transit line 3 (LRT3) from Bandar Utama to Johan Setia.
The Star Online

Mara Keningau disburses RM16.2 million under three financing schemes
Majlis Amanah Rakyat (Mara) Keningau has disbursed RM16.19 million under three financing schemes since 2014, said Mara district officer, Mohd Zairulfiza Mohd Zin.
The Borneo Post

Etika pumps RM100mil into dairy plant
Etika Group of Companies has invested over RM100mil to upgrade its dairy plant in Meru, which will see an exponential increase in local milk production from Etika.
The Star Online

Hamzah: KR1M 2.0 opens more business opportunities
Implementation of the new ‘Kedai Rakyat 1Malaysia’ or 1Malaysia People’s Shop ((KR1M) 2.0, scheduled to be launched in the middle of the month, will open more opportunities for the people to venture into business.
The Borneo Post

Financial sector can leverage on new industry ethics guide
The Malaysian financial services industry (FSI) can freely leverage the newly released ‘guidance notes’ to the Code of Ethics (CoE) for the industry, the Financial Services Professional Board (FSPB) yesterday said.
The Borneo Post

Ministry may extend construction time if project unsold
The Real Estate and Housing Developers’ Association’s (Rehda) request to extend construction time from the current 36 to 48 months can be considered if the project is yet to be sold, the Urban Wellbeing, Housing and Local Government Minister said.
The Star Online

Registration of prepaid public cellular services to be fully enforced from Jan 2018
Manual registration of prepaid SIM cards users will be fully phased out by Jan 1 next year when the Malaysian Communications and Multimedia Commission (MCMC) implements new guidelines for such registration.
The Sun Daily

Check your credit health, protect your identity via JagaMyID
RAM Credit Information Sdn Bhd (RAMCI) is targeting at least 100,000 users for its newly launched credit health and identity protection portal, JagaMyID, which was created in view of the mounting number of identity theft cases and financial insolvencies in the country.
The Sun Daily

MaxisONE Prime an all-in-one plan for the family
hese days families are becoming more connected than ever, though having to manage multiple family members’ mobile accounts for various devices.
The Borneo Post

Masks worn in Malaysian court as VX-tainted evidence shown
A Malaysian judge and court officials wore face masks and surgical gloves in court Wednesday as samples were admitted as evidence of where VX nerve agent was found on the body and clothing of the murdered half brother of North Korea’s leader.
Chiang Mai Mail

 

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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