Malaysia Morning News For September 13

Malaysia Morning News For September 13
Estimated Reading Time: 7 minutes |

Malaysia morning news

Economist sees trouble for Malaysian ports
Economist Hoo Ke Ping has warned of trouble for Malaysian ports, now that there are signs of closer relations between China and Singapore.
— Free Malaysia Today

KL-Singapore High-Speed Rail to contribute S$6.7b in GDP to both countries: Malaysia’s land public transport CEO
The Kuala Lumpur-Singapore High-Speed Rail (HSR) is expected to contribute RM21 billion (S$6.7 billion) in gross domestic product (GDP) to Malaysia and Singapore, as well as create 111,000 jobs by 2060.
— Channel NewsAsia

Malaysian companies resist investing in digitalisation
Malaysian companies still resist investing in digitalisation, particularly in the initial take-up, despite rising awareness, said Deputy International Trade and Industry Minister Datuk Chua Tee Yong.
— The Borneo Post

NEM Partners With Malaysian Digital Economy Corporation
The Nem.io Foundation, creator of the NEM Blockchain platform, has paid a visit to the Malaysian Digital Economy Corporation (MDEC), the lead agency in projecting the digital economy in Malaysia, as part of the 1st NEM.io Foundation Leadership & Strategy Summit held last August 21-25.
— Coin Telegraph

Dubai and Malaysia ink fintech cooperation agreement
The Dubai Financial Services Authority (DFSA) and Securities Commission Malaysia (SC) last week entered into an agreement to cooperate in the development of financial technology (FinTech) innovation.
— Finextra

Malaysia not being colonised by China: Minister
Malaysia is not being “colonised” by China nor overly dependent on its foreign direct investment (FDI), said Malaysian Transport Minister Liow Tiong Lai yesterday, dismissing claims by the opposition that Putrajaya’s close economic partnership with Beijing could jeopardise Malaysia’s sovereignty.
— Today Online

Malaysia’s August palm oil stockpile rises again
Malaysia’s palm oil stockpile rose further in August to its highest in more than a year and supply may continue to outpace demand, keeping a lid on prices in the months ahead.
— Nikkei Asian Review

Langkawi set to become aquaculture hub in Asean region by 2018
Langkawi is expected to become a hub for fish farming in Southeast Asia beginning next year, said State Agriculture and Agro-Based Committee chairman Datuk Suraya Yaacob.
— FIS

Malaysia on the right path to productivity-driven economy
Malaysia is on the right path for a productivity-driven economy as it seeks to fully utilise aspects from the Fourth Industrial Revolution (Industry 4.0).
— New Straits Times

China Post selling Malaysian wares
Malaysian products can now be bought at some 600,000 stores operated by China Post throughout the country.
— The Star Online

During Najib’s visit, Trump says grateful for Malaysia’s friendship (VIDEO)
US President Donald Trump expressed his country’s gratitude today for Malaysia’s continued partnership that has now spanned six decades.
— Malay Mail Online

Malaysia is firm US partner in foreign policies including ISIS fight: PM Najib
Prime Minister Najib Razak has assured the United States that Malaysia is a firm partner in its foreign policy objectives, especially in the fight against the Islamic State in Iraq and Syria (ISIS).
— The Straits Times

Malaysia warns Rohingya crisis could lead to Isil attacks in Burma
Southeast Asia could “pay the price” of Islamic State supporters seeking to exploit the persecution of the Rohingya Muslim minority, Malaysia’s defence minister has warned.
— The Telegraph

MALAYSIA’S TOURISM TAX: FINALLY ENFORCED, BUT STILL FACES LONG ROAD TO SMOOTH IMPLEMENTATION
On September 1 Malaysia implemented the controversial Tourism Tax (TTx) for foreign tourists, a RM10 (US$2.40) daily levy on hotel accommodation, much to the chagrin of the industry given that many questions remain unanswered.
— WIT

Strong fiscal position strengthens nation’s economic resilience
A strong fiscal position can strengthen the nation’s economic resilience, while providing the space and flexibility to implement counter cyclical measures to support the economy in times of crisis.
— The Borneo Post

Ong: Pos Malaysia can play instrumental role in e-commerce industry
The post office’s traditional role may not be as significant as it once was, but it can take up a more relevant role in today’s digital age and help to boost the Malaysian e-commerce industry, says Datuk Seri Ong Ka Chuan (pic).
— The Star Online

Malaysian capital market has built trust, confidence – Ranjit
The Malaysian capital market has built trust and confidence as seen from the scale of fund mobilisation in businesses and savings by investors, said Securities Commission Malaysia (SC) executive chairman Tan Sri Ranjit Ajit Singh.
— The Star Online

August’s plantation inventories below expectations
While palm oil inventory has increased for its fourth consecutive month in August, plantation industry analysts deemed the increase by 9 per cent month over month (m-o-m) of 1.94 million metric tonnes (MT) was still below expectations.
— The Borneo Post

Singapore, Malaysia stocks advance tracking Wall Street gains
Singapore and Malaysia shares edged higher on Tuesday, helped by an overnight rally in U.S. stocks.
— Nikkei Asian Review

IKEA Malaysia to introduce online store next year
Swedish furniture giant, IKEA, plans to introduce an online store in Malaysia next year to meet increasing demand for its products.
— Astro Awani

New truck Croner specifically made for markets like East M’sia
UD Trucks, together with its sole distributor, Tan Chong Industrial Equipment Sdn Bhd (TCIE) has launched Croner, an all-new medium-duty truck, for the East Malaysian market.
— The Borneo Post

2017 global credit outlook for banks largely stable, but uncertainties abound, says S&P Global Ratings
S&P Global Ratings said many of the risks to global banking sector credit quality that the ratings agency highlighted in its global credit outlook for banks in November 2016 remain on the radar.
— The Edge Markets

Celcom Axiata confident of increasing its coverage to 85 per cent by year end
Celcom Axiata Bhd is confident of increasing its LTE (4G mobile network) population coverage to 85 per cent by year-end from the current 77 per cent, said chief executive officer (CEO), Michael Kuehner.
— The Borneo Post

MAS may sign US$1.8b Boeing jets deal during Najib’s US trip
Malaysia Airlines will announce a deal to buy eight widebody Boeing 787 jets during the visit of Prime Minister Datuk Seri Najib Abdul Razak to the United States, two industry sources said today.
— The Sun Daily

Robust productivity initiatives equip Malaysia to face Industry 4.0
Robust productivity initiatives will equip Malaysians to face Industry 4.0, said Malaysia Productivity Corporation (MPC) Chairman, Tan Sri Azman Hashim.
— The Borneo Post

IOI Corp to dispose of 70% stake in Loders Croklaan for RM3.94b
IOI Corp Bhd plans to dispose of a 70% stake in wholly owned specialty oils and fats manufacturing subsidiary Loders Croklaan Group B.V, to Koninklijke Bunge B.V (KBBV) for US$595 million plus €297 million, totalling about RM3.94 billion.
— The Sun Daily

Frankfurt 2017: Mercedes-AMG Project One Is Coming To Malaysia; One Order Already Taken
The spectacular Project One hyper car developed to mark the 50th anniversary of Mercedes-AMG is coming to Malaysia, sources from Mercedes-Benz Malaysia confirmed.
— Carlist

Franklin Templeton Malaysia appoints new country head and CEO
Franklin Templeton Investments today announced the appointment of Avinash Satwalekar as country head of Malaysia and chief executive officer (CEO) of Franklin Templeton Asset Management (Malaysia) Sdn Bhd.
— New Strats Times

Khairy: Mindset shift needed for Malaysia to be an innovative society
There is a need for a shift in mindset if Malaysia is to become an innovative nation, says Khairy Jamaluddin (pic).
— The Star Online

Remembering the things that do work in Malaysia
A lot of my columns revolve around the things that don’t work in Malaysia but writing this from the US, I am thinking of the things we do well.
— Malay Mail Online

Myanmar to learn from Malaysia on ease of doing business
In order to raise its rank on the World Bank’s ease of doing business index, a Myanmar delegation recently visited Malaysia, which is much higher on the index, to study the situation there. Their findings will be reported to the ministries and Vice President, said U Aung Soe, director of the Myanmar Trade Promotion Team.
— Myanmar Times

 

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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Kongleaphy Keam

Kongleaphy Keam

Writer at AEC News Today
Kongleaphy Keam is a Khmer national with more than 2 years experiences in journalism. In prior of joining AEC News Today team, he was a chief reporter at Phuket Gazette, a local English newspapers in Phuket Thailand. Kongleaphy graduated his Bachelor Degree of International Studies from Prince of Songkla University.
Kongleaphy Keam

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