Malaysia Morning News For September 28

Malaysia Morning News For September 28

Malaysia morning newsMalaysia Airlines to buy 35 wide-bodied planes
Malaysia Airlines plans to buy 35 wide-bodied planes over the next year as part of a fleet restructuring to rebuild its premium business as it seeks to return to profitability by 2018, its CEO said Wednesday.
The Seattle Times

Malaysia inks cross-border power deal with Thailand and Laos
MALAYSIA will be able to purchase up to 100mw of hydropower from Laos starting next year, thanks to the signing of the Energy Purchase of Wheeling Agreement between Malaysia, Laos and Thailand.
The Malaysian Insight

HK and Malaysia are biggest Asian growth surprises, says ADB
Hong Kong and Malaysia are proving to be the biggest growth surprises in Asia. The two nations received the largest upgrades for this year among major economies in the Asian Development Bank’s latest outlook released on Tuesday. Meanwhile, India received the steepest downgrade.
The Star Online

Malaysia to Get New China Security Equipment
On September 27, Malaysian Deputy Prime Minister Ahmad Zahid Hamidi disclosed that he had agreed in principle to acquire high-tech equipment to combat crime from China following his engagements with Chinese counterparts this week. The move is another step in the slow development of defense ties by the two sides in spite of challenges that remain.
The Diplomat

Malaysia ranked 15th most efficient in government spending
Malaysia has been ranked second out of nine Asean countries for its efficiency in government spending, according to data from the World Economic Forum (WEF) Global Competitiveness Report 2017-2018.
The Star Online

Malaysia will continue to voice Rohingya issue at world stage – DPM
Malaysia will continue to speak out against oppression of the ethnic Rohingya in Myanmar and it calls on the world to channel humanitarian aid to Rohingya refugees who have sought shelter in Bangladesh.
Astro Awani

Zahid: China praised us for nabbing 29 Uighur Muslims
Deputy Prime Minister Zahid Hamidi says Malaysia’s actions in arresting and deporting 29 Uighur IS militants saw China strengthen security cooperation. Sharing biometric information with China since 2011 enabled Malaysia to arrest 29 Uighur militants involved with the Islamic State (IS) militant group and deport them to China for prosecution, says Ahmad Zahid Hamidi.
Free Malaysia Today

Standard Chartered places ‘overweight’ forex weightings on ringgit
Standard Chartered Bank has placed an “overweight” foreign exchange (FX) weightings on the ringgit, saying the currency was among the most undervalued emerging market currencies.
The Borneo Post

Ringgit to trade between 4.2119 and 4.2268 vs USD today, says AmBank Research
AmBank Research expects the ringgit (MYR) to trade between its support of 4.2119 and resistance of 4.2268 versus the US dollar today with greater possibilities for MYR to reach the research house’s resistance level.
The Edge Markets

Tourism to maintain position as 3rd largest contributor
Aggressive measures taken to boost Malaysia’s tourism and hospitality industry, which include hotels, foods, restaurants, chefs, as well as food services equipment and suppliers doing their part, will help maintain the industry as the third largest contributor to Malaysia’s economy.
The Borneo Post

Measat Satellite scraps RM702mil contract with Astro
Commercial satellite operator Measat Satellite Systems Sdn Bhd (MSS) has scrapped a US$166.4mil (RM702.4mil) agreement to supply back-up transponder capacity to Astro Malaysia Holdings Bhd’s TV services and radio broadcasting arm.
The Star Online

Saudi Arabia’s ALBAIK mulls setting up Asean HQ in Malaysia
ALBAIK, a popular chicken and seafood quick service restaurant chain in Saudi Arabia, is considering Malaysia as its regional headquarters for its expansion into the Asean market.
The Edge Markets

Amplifi launches in Malaysia
The Malaysia launch of DAN’s media investment arm is its eighth across Asia Pacific.
Campaign

Belgium hopes to ship in more frozen potato fries to Malaysia
Beligum, the world’s biggest potato exporter, hopes to ship in more frozen potato fries to Malaysia via its marketing campaign and collaboration with restaurateurs and fastfood operators here.
New Straits Times

AirAsia X selling ramp equipment to AirAsia Bhd arm for RM4.63m
AirAsia X Bhd (AAX) is selling its ramp/ground equipment to AirAsia Bhd’s (AAB) wholly owned subsidiary Ground Team Red Sdn Bhd (GTR) for RM4.63 million, in a related party deal.
The Sun Daily

Budget 2018 will be people-centric, equity market-friendly, says RHB Research
The Budget 2018 would be people-centric, equity market-friendly and emphasise on the country’s aspirations for the next 30 years under the Transformasi National 2050 (TN50).
The Borneo Post

Govt may pay up to RM400m to compensate Ampang Park owners
The government may be paying compensation of between RM300mil and RM400mil to acquire Ampang Park mall from strata shoplot owners in order to proceed with the second mass rapid transit (MRT) line, according to sources.
The Star Online

BFood expects Kenny Rogers Roasters chain in Malaysia to be profitable in FY18
Berjaya Food Bhd (BFood) expects its wholly owned subsidiary Berjaya Roasters (M) Sdn Bhd (BRoasters), the master franchisee of Kenny Rogers Roasters’ (KRR) chain of restaurants in Malaysia, to be profitable in the financial year ending April 30, 2018 (FY18) with the execution of its turnaround plan.
The Sun Daily

Sapura Energy H1 results below forecast, says CIMB Research
Sapura Energy Bhd’s core net profit of RM8mil in the first half ended July 31, 2017 was in contrast with its earlier RM8.6mil loss forecast but with the cycle still weakening, the results were below expectations, says CIMB Equities Research.
The Star Online

KLCI to trade range bound, immediate support at 1,756
The FBM KLCI is expected to trade range bound today, with immediate support at 1,756.
The Edge Markets

iProperty Malaysia revamps website to boost user experience
iProperty Malaysia has revamped its website, iproperty.com.my, to provide a fresh new look aimed at providing a more responsive and unique property experience to consumers.
Marketing

Malaysia job market to get better for next six months, says Michael Page
Global recruitment specialist Michael Page said about 55% of job seekers in Malaysia are confident the country’s job market will get better in the next six months, driven by the technology field and shared services sector.
The Edge Market

Malaysia: The rise of the rent generation by default
For the past decade, Malaysians have been hit by soaring house prices to the limit that those earning salaries of up to RM6000 (S$1933) cannot even afford to buy a decent single-storeyed link home.
The Independent

Taste of the exotic: ‘fatty rice’ condoms from Malaysia
A Malaysian condom company is hoping to spice up sex lives with a contraceptive that tastes like the country’s ultimate comfort food—a chili-infused rice dish known as nasi lemak.
—Medical Press

 

Feature photo Sitoo
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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