Malaysia Morning News For September 22

Malaysia Morning News For September 22

Malaysia morning newsDPM: Asean leaders support Malaysia’s stand
Malaysia has strongly questioned the manner in which Myanmar is addressing the Rohingya issue, saying that the country had denied permission for the international community to provide humanitarian aid to the ethnic group and, more disappointingly, killed Rohingya women and children as well.
— The Star Online

Malaysia Legalizing Bitcoin? Bank Negara Issuing Guidelines for Crypto
In the wake of recent and painful Chinese cryptocurrency lockdowns, other countries are beginning to be more open to Bitcoin and others. A recent statement by Malaysia’s Bank Negara governor Tan Sri Muhammad Ibrahim at the Global Symposium on Developing Financial Institutions would indicate that Malaysia may be the next to open its doors to Bitcoin.
— Coin Telegraph

Malaysia ranks second in SEA for human capital development
Perhaps more so than any other factor, how nations develop their human capital can be a greater determinant of their long-term success. In line with that, the World Economic Forum has released its 2017 Human Capital Report which ranks 130 countries on how well they are developing their human capital on a scale from 0 (worst) to 100 (best) across four thematic dimensions.
— Human Resources Online

BNM’s international reserves at US$100.8 billion as at September 15 this year
Bank Negara Malaysia’s (BNM) international reserves amounted to US$100.8 billion (RM432.8 billion) as at September 15, 2017, compared with US$100.5 billion (RM431.7 billion) registered as at August 30, 2017.
— The Borneo Post

SMEs contribution to GDP increases to 36.6 per cent in 2016
The contribution of small and medium enterprises (SMEs) to the country’s gross domestic product (GDP) increased slightly to 36.6 per cent last year from 36.3 per cent in 2015, the Department of Statistics said.
— The Borneo Post

Spritzer to raise RM63.8m for warehouse expansion
Spritzer Bhd has proposed an issuance of up to 27.4 million new shares to Tasik Puncak Holdings Ltd to raise up to RM63.81 million to fund the expansion of warehouse facilities in Taiping.
— The Sun Daily

Malaysian palm oil price erases gains on weaker soyoil, profit taking
Malaysian palm oil futures erased earlier gains to fall to a two-week low on Thursday evening, weighed down by weaker soyoil prices on the Chicago Board of Trade (CBOT) and as traders took profits ahead of a long weekend.
— The Star Online

WorldRemit launches digital money transfers in Malaysia
London-based digital money transfer company, WorldRemit, has launched in Malaysia.
— Daily Express

NEC completes SKR1M 100Gbps submarine cable in Malaysia
NEC Corporation on Sept 21 announced the completion of the Sistem Kabel Rakyat 1Malaysia (SKR1M) 100 gigabit per second (Gbps) submarine cable linking Peninsular Malaysia with Sabah and Sarawak.
— Digital News Asia

MDEC, ISACA in partnership to develop cyber security talent
Malaysia Digital Economic Corp (MDEC) yesterday announced a partnership with global technology and information security association ISACA focused on improving competencies and workforce skills in cyber security in its effort to curb the shortage of cyber security professionals.
— The Sun Daily

GE studying options for stake in Malaysian ops
Singapore-listed insurer Great Eastern Holdings has confirmed reports that it is studying options in relation to the possible sale of a minority stake in its Malaysian unit to comply with foreign ownership rules.
— The Straits Times (paywall)

Malaysian ports unaffected despite firms shipping south, minister says
Datuk Seri Liow Tiong Lai insisted today that Malaysian ports will remain competitive, although five major global shipping firms under the Ocean Alliance have ditched Port Klang for Singapore in April.
— Malay Mail Online

Singapore, Malaysia stocks fall amid bets of Fed rate hike in December
Stocks in Singapore and Malaysia edged lower on Thursday as odds of a Federal Reserve rate increase in December rose after this week’s monetary policy review.
— Nikkei Asian Review (paywall)

Bank of China launches 1st mobile application in Malaysia
Bank of China Malaysia (BoCM) on Thursday launched its first mobile application in Malaysia in a bid to better develop its retail banking business in the country.
— Xinhua

Miti expects SMEs grasp industry 4.0 concept
The Ministry of International Trade and Industry (Miti) hopes that the small and medium enterprises (SMEs) will be able to grasp the concept of Industry 4.0 by the end of this year.
— The Borneo Post

Malaysia Airlines confirms 25 Boeing 737 orders
Malaysia Airlines reiterated that it has a firm order of 25 Boeing 737 aircraft with further decision to purchase additional aircraft which best suits its operational environment.
— The Star Online

Fed decision unlikely to affect OPR, ringgit
The US Federal Reserve’s decision to maintain the federal funds rate at a range of 1.00%-1.25% is unlikely to affect Malaysia’s Overnight Policy Rate (OPR) with a short-term impact on the ringgit.
— The Sun Daily

Automotive sector’s TIV YTD surpasses forecast growth
The automotive sector’s total industry volume (TIV) year to date (YTD) has surpassed analysts’ forecast growth and there is now a high possibility of further upsides to their targets.
— The Bornoe Post

Malaysia’s biggest IPO flop shares slide after fire damages plant
Lotte Chemical Titan Holding Bhd (LCTitan), Malaysia’s biggest initial public offer (IPO) flop, saw its share price slide on Thursday, after a fire damaged one of its factories in Johor.
— The Star Online

Scientex’s FY17 core earnings within expectation
Scientex Bhd’s (Scientex) financial year 2017 (FY17) core earnings has come in within analysts’ expectations as was the group’s total FYE dividend.
— The Borneo Post

Tanco proposes 1-for-2 free warrants
Tanco Holdings Bhd has proposed the issuance of free warrants to reward shareholders, on the basis of one warrant for every two existing ordinary Tanco shares held on an entitlement date to be announced later.
— The Edge Markets

Oldtown reports explosion at unit’s food processing centre
Oldtown Bhd has reported an explosion at the central food processing centre of its wholly owned subsidiary, Emperor’s Kitchen Sdn Bhd.
— The Sun Daily

Malaysia jails Indonesian pirates for foiled hijacking
Eleven Indonesian pirates have been jailed for 16 years each for attempting to hijack an oil tanker off the coast of Malaysia, an official said Thursday.
— Channel News Asia

MH17: Malaysia, four other countries sign MOU to prosecute perpetrators
Foreign Minister Datuk Seri Anifah Aman, on behalf of the Malaysian Government, has signed a Memorandum of Understanding (MoU) on political support to prosecute the perpetrators of the downing of the Malaysia Airlines flight MH17 on July 14, 2014.
— The Sun Daily

Zahid: ‘Gay parties’ not allowed in Malaysia
The Malaysian Government will not allow the gay event or party planned for Sept 30 in Kuala Lumpur to take place, says Datuk Seri Dr Ahmad Zahid Hamidi (pic).
— The Star Online

 

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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