Malaysia Morning News For September 21

Malaysia Morning News For September 21

Malaysia morning newsMalaysia takes firm stand for nuclear disarmament at the UN
Malaysia joins the chorus of call for global elimination of nuclear weapons by signing a treaty in the on going 72nd United Nations General Assembly in New York yesterday.
New Straits Time

Great Eastern to sell stake in Malaysian ops for RM4.19bil
Great Eastern Holdings Ltd is reportedly planning to dispose of its stake in its Malaysian operations for as much as US$1bil (RM4.19bil).
The Star Online

70% of brands in Malaysia and Singapore don’t disclose palm oil use
A new scorecard rating companies headquartered in Singapore and Malaysia on their palm oil sustainability commitments has found that the majority do not disclose any information on their sourcing practices.
The Guardian

“Malaysian pineapples to enter Chinese market before end of the year”
“This is the first year that the Chinese government has opened up to Malaysian pineapples. Before the end of the year, Shanghai will have officially opened its doors.
Fresh Plaza

Japan’s MUFG sells entire 4.6% stake in CIMB
Japan’s Mitsubishi UFJ Financial Group (MUFG) has disposed of a 4.6% stake in CIMB Group Holdings Bhd.
The Sun Daily

DPM: Asean accepts Malaysia’s proposals to address transnational crime
Malaysia’s voice continues to be heard and respected as several proposal brought forth by the country at the 11th Asean Ministerial Meeting on Transnational Crime (AMMTC) here were well accepted by the Asean member states.
Malay Mail Online

August CPI up 3.7%
Malaysia’s consumer price index (CPI) expanded at a higher rate of 3.7% year-on-year to 119.9 in August 2017 from 115.6 in the corresponding month of the preceding year, after a moderation in the past five months.
The Sun Daily

Bursa Malaysia a good platform for SMEs to grow
Local small and medium enterprises (SMEs) can gain an array of benefits and grow at a faster and more efficient way via listing on Bursa Malaysia.
The Bornoe Post

AHB proposes private placement to raise up to RM7.28 million
AHB Holdings Bhd has proposed to undertake a private placement of up to 10% of the total number of issued shares to raise up to RM7.28 million for working capital as well as capital expenditure.
The Sun Daily

14.5 mln contributors may lose out if EPF sells PLUS Malaysia
There is rising concern that some 14.5 million contributors to the Employees Provident Fund (EPF) may lose out on a steady stream of dividend income if the pension fund sells its 49 per cent stake in highway operator, PLUS Malaysia Bhd.
The Borneo Post

Bloomberg report on reserves unbalanced, rigid interpretation
Bank Negara Malaysia says the article published by Bloomberg entitled ‘Malaysia Reserve Buffer Seen by Moody’s as among weakest in Asia’ on September 18, 2017 focuses only on a rigid interpretation of two economic indicators and therefore presents an unbalanced and simplistic assessment of Malaysia’s international reserves adequacy.
The Bornoe Post

Bank Negara refutes Bloomberg report, says Malaysia still resilient to external shocks
Bank Negara Malaysia (BNM) stressed that the nation remains resilient and international reserves are not the only means to meet external obligations.
The Sun Daily

Rehda: Improved sentiment in property sector
The majority of Malaysian property developers are neutral or pessimistic about the property market performance for the second half of the year (2H17).
The Sun Daily

Matrade: eTrade financial incentive for companies to accelerate exports
The Malaysia External Trade Development Corporation (Matrade) is providing a financial incentive of RM 5,000 under its eTrade programme to accelerate exports through e-commerce by Malaysian companies participating in leading international online marketplaces.
The Borneo Post

Ringgit opens lower against US Dollar
The ringgit opened lower against the US dollar this morning on improved buying interest for the greenback amid higher global oil prices, dealers said.
The Sun Daily

Malaysia’s Central Bank Is Close to Drafting New
Cryptocurrency RulesMalaysia’s central bank is reportedly planning to draft cryptocurrency regulations by the end of this year.
Coindesk

Rehda survey: Developers expect better times from first-half 2018
The majority of Malaysian property developers are neutral or pessimistic about the property market’s performance for the second half of the year (2H17), but the level of optimism is higher for the first half of 2018 (1H18).
The Sun Daily

KL shares open lower on bearish sentiment
Bursa Malaysia opened lower today weighed by bearish sentiment ahead of the outcome of the US Federal Open Market Committee meeting later today.
The Sun Daily

Govt incentives needed to protect margins — Rehda
Amid rising construction costs in a slower property market, the Real Estate and Housing Developers’ Association Malaysia (Rehda) is calling on the government to provide more incentives to help them protect their crumbling margins.
The Edge Markets

Home and away, Najib has a China dilemma
Prime Minister Najib Razak addressed Malaysia’s Chinese community at a well-attended gathering last week to urge support for his Barisan Nasional (BN) coalition government ahead of new national polls.
Asia Times

Malaysia in Fed’s sight in Uber bribe probe
After the 1MDB scandal, now it is the Uber scandal that has hit Malaysia with a probe by the US Justice Department looking into a possible criminal (bribery) case involving Uber in Asia.
The Independent

Rohingya crisis a breeding ground for extremism: Malaysia foreign minister
The precarious situation pertaining to issues on the Rohingya in Myanmar’s Rakhine state must be addressed urgently, or else it will provide a fertile breeding ground for recruitment of extremists, said Malaysian Foreign Minister Anifah Aman.
Channel News Asia

US, Malaysia Launch Naval Exercise After Najib-Trump Summit
Maritime training activity kicks off at Lumut Naval Base.
The Diplomat

 

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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