Malaysia Morning News For September 11

Malaysia Morning News For September 11

Malaysia morning news

Ringgit uptrend expected to continue till year-end
The ringgit’s upward trend is expected to continue till year-end, increasing the likelihood of it breaching the RM4.00 to US$1 psychological mark sooner rather than later after it broke the 4.20 level last Friday, said Sunway University Business School Professor of Economics Prof Dr Yeah Kim Leng.
— The Sun Daily

New US$238mil fund for tech companies in Malaysia, strengthens ecosystem
THE tech ecosystem in Malaysia received a huge boost this past week with the introduction of a new US$238 million (RM1 billion) fund from Malaysian Debt Ventures (MDV), one of Asia’s leading venture debt specialists.
— Digital News Asia

China investments transforming Malaysia
Although the influx of Chinese investments is only a recent phenomenon, these funds are bringing speedy changes to local industries and the economic landscape.
— The Nation

Malaysia a significant US partner in Southeast Asia: Najib
Malaysia plays a significant and highly regarded role as a trading and political partner of the United States in the Southeast Asian region, Prime Minister Najib Razak said in a blog post on Sunday (Sep 10).
— Channel NewsAsia

With Trump meeting, Malaysia’s PM seeks to put 1MDB scandal behind him
In a room packed with Malaysian civil servants, foreign ministry secretary general Ramlan Ibrahim raised his right hand as he read out an anti-corruption pledge.
— Reuters

MTC targets RM44m sales at China furniture expo
The Malaysian Timber Council (MTC) is targeting to achieve RM44 million in sales at the China International Furniture Expo (Furniture China), based on the sales success of its industry partners in the last two years.
— The Sun Daily

Malaysia wants KL as UNESCO World Book Capital in 2020
Malaysia will lobby for Kuala Lumpur to become the UNESCO World Book Capital in 2020, in efforts to boost the reading culture among the community.
— Astro Awani

Fast Asia Open: Japan machine orders, Malaysia industrial output
Hurricane Irma smashed into Florida on Sunday, leaving more than 2m properties without power as 130mph winds and sea surges flooded homes from the Keys, a string of low-lying islands on the state’s southernmost tip, up the state’s west coast.
— Financial Times

Soft Start Seen For Malaysia Stock Market
The Malaysia stock market on Friday halted the two-day winning streak in which it had collected more than a dozen points or 0.7 percent. The Kuala Lumpur Composite Index now rests just beneath the 1,780-point plateau and it may tick lower again on Monday.
— Nasdaq

Malaysia tops WhatsApp news usage
Malaysia is the global leader for WhatsApp news usage, according to a report.
— The Star Online

Maybank IB: FBM KLCI to hit 1,800 level by year-end
Bursa Malaysia is expected to hit the 1,800 level by year-end, lifted by a potential rebound in corporate earnings growth after three years of no growth, said Maybank Investment Bank (IB) Bhd head of Retail Equities, Lim Chee Kiong.
— The Borneo Post

Analysts expect Bank Negara to keep OPR at 3% for rest of 2017
Analysts foresee that Bank Negara Malaysia (BNM) would likely keep the Overnight Policy Rate (OPR) unchanged for the rest of the year, following a largely expected decision for the Monetary Policy Committee to leave it at 3% last Thursday.
— The Sun Daily

Rising inflation, living cost – What do they mean? How do they affect daily life?
IF a household wakes up in the morning and heads to the local grocery store only to find out that the local currency is not stretching as far at the store, it is incorrect to say the household is merely imagining things.
The Star Online

MEMS oscillator market to reach US$709.061 million by 2022
The microelectromechanical system (MEMS) oscillator market was valued at US$129.325 million in 2017 and is projected to expand at a CAGR of 40.54% over the forecast period to reach US$709.061 million by 2022, according to technology-related ResearchAndMarkets.
— The Edge Markets

Valuable lessons for Three-A Resources from soured China venture
Manufacturer of food and beverage (F&B) ingredients Three-A Resources Bhd has retreated from its investment in China that started seven years ago after the venture failed to yield any profit.
— The Star Online

Improved loan approvals signal better property sales and demand
Loan approvals for the purchase of property (ALPP) in Malaysia are on an upward trend which could indicate that property developers’ sales should improve against last year, analysts observed.
— The Borneo Post

Up to 5 million AirAsia seats up for grabs
Up to 5.0 million seats are on offer on airasia.com and the AirAsia mobile app from September 11-17 for travel between March 1, 2018 and November 21, 2018.
— Astro Awani

Banks not responsible for commercial space glut, says ABM
The Association of Banks in Malaysia (ABM) insists that its members cannot be responsible for the glut in retail and office space in the Klang valley, as they have stringent processes for credit risk assessment supported by sound lending and valuation practices.
— Free Malaysia Today

HLIB Research forecast ringgit to trade at RM3.90-4.10/USD in 2018
Hong Leong IB Research said it is turning mildly positive on ringgit after the recent sharp rebound.
— The Edge Markets

White House invite shows importance of Malaysia
DATUK Seri Najib Tun Razak’s working visit to Washington will see him in powerful company as his host President Donald Trump has lined up his senior Cabinet members and close advisers to meet the Prime Minister.
— The Star Online

Malaysia’s record of democracy and free speech is strong
On August 31st Malaysia marked 60 years of independence, and along with a record haul of medals at the SEA Games, we also celebrated six decades of our country being a stable democracy and a free society.
— The Star Online

 

Feature photo Shubert Ciencia
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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