Malaysia Morning News For September 14

Malaysia Morning News For September 14

Malaysia morning news

Najib, Trump pledge to nurture economic ties, remove trade barriers
Prime Minister Datuk Seri Najib Abdul Razak and US President Donald J. Trump have pledged to nurture the economic ties between the two nations to create jobs and opportunities, as well as remove trade barriers in key sectors.
— The Sun Dialy

Campaign to sabotage 1MDB and undermine Malaysia, says Najib
Prime Minister Najib Razak said there was a campaign to deliberately sabotage 1Malaysia Development Berhad (1MDB) to undermine investor confidence in Malaysia’s economy.
— The Straits Times

Malaysia, Boeing sign deal for 16 planes
Boeing has signed a memorandum of understanding to sell 16 aircraft to Malaysia Airlines – eight wide-body 787 Dreamliners and eight narrow-body 737 MAXs, the company said on Wednesday (Sep 13).
— Channel News Asia

Asia Briefs: Chinese submarine docks in Malaysia
A Chinese submarine has docked in Malaysia, the second such visit to the country this year.
— The Straits Times (paywall)

Malaysia, US vow to enhance cooperation to counter Daesh threat
Malaysia and the United States intend to strengthen cooperation to counter the growing threat of terror group ISIS or Daesh, in Southeast Asia.
— The Sun Daily

PH, Malaysia strengthen trade ties
The Philippines and Malaysia have discussed various measures to enhance trade and investment relations including regional economic integration.
— Malaya Business Insight

Why Malaysian ports are losing out to Singapore
Five major global shipping firms ditched Port Klang for Singapore in April as a result of an-industry wide shakeup meant to sustain a struggling container liner business bogged by the global economic slowdown.
— Malay Mail Online

From India to Malaysia, Rohingya face hardship, uncertainty
Recent violence in Myanmar has driven hundreds of thousands of Rohingya Muslims to seek refuge across the border in Bangladesh. But Rohingya have been fleeing persecution in Buddhist-majority Myanmar for decades, and many who have made it to safety in other countries still face a precarious existence.
— ABC News

Malaysia, US Ready To Cooperate In North Korea And Share Similar Concerns In Rohingya Issue
Prime Minister Datuk Seri Najib Razak hails the long-standing Malaysia-United States partnership following his successful visit to the White House and talks with President Donald Trump yesterday.
— Malaysian Digest

Enra eyes RM1b worth of upstream oil & gas jobs
Enra Group Bhd, which aims to return to the black this year, is eyeing over RM1 billion worth of upstream jobs in the oil and gas sector, said its president and group CEO Datuk Mazlin Md Junid.
— The Sun Daily

Under EU attack, top palm oil producers rethink trade strategy
Facing a backlash in Europe over palm oil’s environmental toll, the world’s top producers are scrambling to find new markets and even striking unusual barter deals, such as exchanging Sukhoi jets for the edible oil.
— The Sun Daily

Khazanah and EPF to expand investments
The Employees Provident Fund (EPF) and Khazanah Nasional Bhd (Khazanah Nasional) plan to expand their investments in the US and purchase more Boeing jets to help strengthen the country’s economy, Prime Minister Datuk Seri Najib Tun Razak announced yesterday.
— The Borneo Post

‘Slight improvement’ in economy in first half, Chinese businesses feel: ACCCIM survey
Chinese businessmen felt there was a slight improvement in the economy in the first half of 2017, evidenced by the lower percentage of respondents who felt that the economy deteriorated in the first half.
— The Sun Daily

Lazada Malaysia aims to attract 50,000 merchants into platform
Leading e-commerce platform, Lazada Malaysia, has launched its #EveryoneCanSell programme, which aimed to attract over 50,000 merchants into its platform by end-2018.
— The Borneo Post

Bullish trend seen for rubber prices
Rubber prices are seen heading upwards until 2018, with the recent steady increase in prices this year indicating that traders are willing to buy at higher prices following a long bearish trend since 2011.
— The Star Online

Trademark-intensive industries directly contribute 30 pct to GDP
Trademark-intensive industries in Malaysia have generated 30 per cent direct and 60 per cent indirect contributions to the country’s gross domestic product (GDP), said the International Trademark Association (INTA) study released here yesterday.
— The Borneo Post

EITA wins RM11.3m lift services job
EITA Resources Bhd’s wholly owned subsidiary EITA Elevator (Malaysia) Sdn Bhd has bagged a sub-contract job to provide lift services from Pembenaan Leow Tuck Chui & Sons Sdn Bhd (PLTCSSB) for RM11.30 million.
— The Sun Daily

Stringent checks done before investing overseas: EPF
The Employees Provident Fund says that as a retirement savings fund, it will always protect the interests of Malaysians when making foreign investments.
— The Star Online

IOI’s divestment of Loders a positive surprise
IOI Corporation Bhd’s (IOI) announcement of the divestment in IOI Loders Croklaan (Loders) has been viewed by analysts as a positive surprise.
— The Borneo Post

CAB Cakaran unit and other shareholders of Singapore Poultry Hub sign deal
CAB Cakaran Corp Bhd yesterday announced that its 51%-owned unit Tong Huat Poultry Processing Factory Pte Ltd has entered into an agreement with the other shareholders of Singapore Poultry Hub Pte Ltd to specify their roles as shareholders and the business affairs of Singapore Poultry Hub.
— The Sun Daily

Survey: Malaysians want lower interest rate for housing loans
More Malaysians are now experiencing less difficulty in obtaining housing loans, but, many still remain dissatisfied, citing the high interest rate which should be lowered given the present economic challenges.
— The Borneo Post

Puncak Niaga gets SC approval to buy TRIplc for RM210m
Puncak Niaga Holdings Bhd has obtained the Securities Commission’s (SC) approval to acquire the entire stake in TRIplc Bhd from Pimpinan Ehsan Bhd for RM210 million.
— The Sun Daily

New redONE prepaid plan offers up to 20.5GB Internet data at just RM50 a month
Malaysia’s pioneer mobile virtual network operator (MVNO), redONE Network Sdn Bhd (redONE) yesterday re-launched its new prepaid plan for clients who want more data.
— The Borneo Post

SMEs expected to benefit from strong retail sales, says AmBank Research
AmBank Research expects small and medium enterprises (SMEs) to benefit from strong retail sales and projects the SME gross domestic product (GDP) to grow around 6.1% – 6.3% in 2017 with Malaysia’s GDP targeted at 5.7% – 5.9%.
The Edge Markets

Versatile Creative plans to dispose of stake in Iris Corp
Versatile Creative Bhd’s (VCB) wholly owned subsidiary Versatile Paper Boxes Sdn Bhd is planning to dispose of its 3.98% equity interest in Iris Corp Bhd, on the grounds of the stake being a non-core investment, which will help increase VCB’s funds.
— The Sun Daily

Axiata, Merchantrade Asia in joint venture
Axiata Group Bhd’s wholly owned subsidiary, Axiata Digital Services Sdn Bhd (ADS), and Merchantrade Asia Sdn Bhd (MASB) have set up Merchantrade Digital Services Sdn Bhd (MDS), a digital financial services and solutions company, on a joint-venture basis.
— The Sun Daily

 

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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