Malaysia Morning News For September 18

Malaysia Morning News For September 18

Malaysia morning news

Khazanah says has made 15 investments in US so far, worth US$410 mil
State investment arm Khazanah Nasional Bhd has to date made a total of 15 investments worth approximately US$410 million in the United States, principally in the technology sector.
— The Edge Market

PM Najib calls for stronger Chinese representation in Malaysian government
Malaysia’s Prime Minister Najib Razak urged the Chinese in the country to send more representatives from the community to the Barisan Nasional (BN) government in the next general election.
— Channel NewsAsia

Former Malaysia Minister Returns to Support Najib Government
A former Malaysia government minister who shifted allegiance to the opposition has returned to the ruling party, according to Prime Minister Najib Razak.
— Bloomberg

Foreign investor eyes stake in Titijaya
Titijaya Land Bhd is in an advance stage of negotiation with a few parties, the frontrunner being a large foreign property company, that are looking to buy a stake in the developer, according to sources.
— The Star Online

Analysts Hail Malaysia’s Commitment To Improve Ties With U.S.
Analysts have commended on Malaysia’s commitment to further improve ties with the US following Prime Minister Datuk Seri Najib Tun Razak’s recent visit to Washington DC.
— Malaysia Digest

 

Singapore, Malaysia ink deal to boost fintech innovation
Collaboration with Securities Commission Malaysia will help boost financial services.
The Nation 

EPF records RM11.51b investment income in Q2
The Employees Provident Fund’s (EPF) investment income for the second quarter (Q2) ended June 30, 2017 has increased 36.36% to RM11.51 billion from RM8.44 billion a year ago.
— The Sun Daily

Mismatch in 2Q17’s economy, but hope remains
Economic indicators this year have confused observers so far. The economy grew at a faster pace to date, but this was not reflected in corporate results across key Malaysian sectors.
— The Borneo Post

Will local stocks rally in run-up to GE14?
Will the local stock market see another round of rally as the August 2018 deadline for the 14th General Election (GE14) nears?
— The Sun Daily

Petronas refutes blog’s allegation to axe 5,000 workers
Petroliam Nasional Bhd has refuted a blog that the national oil company plans to terminate 5,000 employees next year.
— The Star Online

New push to enhance Malaysia’s association sector
A move aimed at growing Malaysia’s association community has been launched during the Malaysia Association neXt (MyNext) 2017 conference.
— Cim News Magazine

Logistics rally to cool if profit pickup absent
The run-up in logistics counters this year has been impressive so far, fuelled by anticipation of an e-commerce boom in Malaysia that is expected to drive parcel delivery volume growth.
— The Edge Markets

SugarBun optimistic on pairing F&B with eSports
SugarBun, which ventured into eSports earlier this year, has high hopes that pairing this up and coming industry with its current food and beverage (F&B) business will help the fast food chain appeal to the younger generation.
— The Borneo Post

CIMB IB Research upgrades Berjaya Food, raises target to RM1.67
CIMB IB Research has upgraded Berjaya Food Bhd ( BFood) to “Hold” at RM1.53 with a higher target price of RM1,67 (from RM1.38) and said BFood reported 1QFY4/18 core net profit of RM5.3 million, which was in line at 23% of house and 22% of market’s full-year forecasts.
— The Edge Markets

Is another financial crisis just around the corner?
IT has been 10 years since the start of the Global Financial Crisis. Psychologically, this is another factor which puts some fear into investors. How can a market sustain its uptrend without a correction once every 10 years?
— The Star Online

NetX Holdings buys equity interest in Mlabs System for RM7.2m
NetX Holdings Bhd’s (NetX) subsidiary First United Technology Ltd has acquired 8.43% equity interest in Mlabs System Bhd (Mlabs) for RM7.2 million cash.
— The Sun Daily

Hibiscus granted major project status for West Seahorse
Hibiscus Petroleum Bhd has been granted major project status for the West Seahorse Project in Australia.
— The Edge Markets

Poultry stocks to gain from lower feedstock prices?
The decrease in corn and soybean prices due to a bumper harvest in the United States, coupled with the slight appreciation of the ringgit against the greenback, will result in cost-saving for the local poultry players.
— The Star Online

KLCI to drift higher, immediate hurdle at 1,793
The FBM KLCI is set to drift higher today, tracking gains at most global markets last Friday, with immediate hurdle at 1,793 points.
The Edge Markets

Not all investments are alike
MALAYSIA has to come to terms with the political economy of investment from China. This is because there are various factors that are at play in evaluating the costs and benefits of China’s investments.
— The Sun Daily

Putrajaya Holdings to develop projects worth RM5.2 billion in KL
Putrajaya Holdings Sdn Bhd, the master developer of Putrajaya, plans to expand its territory into the Kuala Lumpur with the development of two new projects in Jalan Ampang with a total gross development value (GDV) of RM5.2 billion.
— Astro Awani

‘Bush meat a health risk and can lead to extinction’
There is no need for urban dwellers to consume bush meat even if they came from farms because protein can be sourced from livestock, says Sabah-based conservationist Dr Benoit Goossens.
— The Star Online

Poverty drives Malaysian women to work as maids
When Ms Nor Asma Arifin graduated with a diploma in accounting, the fifth of 10 children thought she was on the way out of poverty. But the 21-year-old from Dungun, Terengganu, spent a year looking for a job after graduation with no luck.
— The Edge Markets

Malaysian community celebrates 60th anniversary of Malaysia Day
One unexpected phone call one day in August leads to one huge Malaysia Day celebration in the Great Hall of the Memorial Union with a special guest: the Malaysian ambassador to the United States, Zulhasnan Rafique.
— IOWA State Daily

 

Feature photo chinsoontan
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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