Malaysia Morning News For September 4

Malaysia Morning News For September 4
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Malaysia morning news

Malaysia strongly condemns North Korea’s missile test
Malaysia on Monday (Sep 3) strongly condemned the nuclear test conducted by North Korea.
— Channel News Asia

Malaysia backs UN call to solve Rakhine crisis
Prime Minister Datuk Seri Najib Tun Razak said Malaysia echoes the call by United Nations Secretary-General Antonio Guterres for Myanmar’s security forces to seek holistic approaches towards addressing the crisis in the Rakhine state.
— The Borneo Post

Trump’s hosting of Malaysia’s prime minister marks another setback for the rule of law
When President Trump hosts Malaysian Prime Minister Najib Razak at the White House next week, he may find he has quite a lot in common with the Southeast Asian leader, who is a nationalist with authoritarian tendencies. But that doesn’t mean rolling out the red carpet for him is a good idea.
— The Washington Post

Malaysia gazettes order on income tax exemption for modernising manufacturing activities
The Malaysian Official Gazette Aug. 30 published an order providing an income tax exemption for companies making capital expenditures to modernise or automate their manufacturing activities.
— The Edge Market

Philippines eyes counter-terrorism task force with Malaysia, Indonesia
Philippine President Rodrigo Duterte will discuss with Indonesia and Malaysia the possibility of creating a task force to combat Islamic State-inspired militancy, he said on Sunday.
— Reuters

Jewellers rack up gains on golden opportunity
Public-listed retail jewellers have been gaining investor interest in line with the rise in gold prices, in turn the result of geopolitical uncertainties.
— The Star Online

Malaysia’s manufacturing PMI resurfaces to growth in August
The Nikkei Malaysia Manufacturing Purchasing Managers’ Index, or PMI, rebounded to growth for the first time in four months in August, signalling signs of recovery in the country’s manufacturing sector.
— Nikkei Asian Review

Ringgit likely to trade firmer at 4.25 against greenback next week
The ringgit is expected to trade firmer at the level of 4.25 against the US dollar next week, in view of improving commodity prices and easing geopolitical tensions in North Korea.
— The Sun Daily

HLG records recovery across all divisions, 41 pct growth expected
Harbour-Link Group Bhd (HLG) recorded improvements across all segments, on a quarter-on-quarter (q-o-q) basis, and analysts believe the group could see a 41 per cent growth in the financial year 2018 (FY18) based on upcoming mega projects in East Malaysia.
— The Borneo Post

Local IPPs to raise RM13bil more to finance new plants
Local independent power producers (IPPs) are expected to raise an additional RM13.3bil in debt to finance their upcoming plants, according to RAM Ratings.
— The Star Online

RAM assigns AAA rating on SME Bank, expects strong SME growth ahead
RAM Ratings has assigned AAA/Stable/P1 financial institution ratings to Small Medium Enterprise Development Bank Malaysia Berhad (SME Bank) to reflect its expectation of strong government support, underscored by its strategic role in the Government of Malaysia’s (GoM) socio-economic agenda to develop the SME sector.
— The Borneo Post

S&P and Moody’s affirm ratings, outlook for Axiata
S&P Global Ratings and Moody’s Investors Service have both affirmed their ratings and outlook on Malaysia-based wireless services provider Axiata Group Bhd, following the company’s acquisition of tower assets from Pakistan Mobile Communications Ltd (Jazz) for US$940 million (RM4 billion).
— The Sun Daily

Crude Palm Oil Weekly Report – 31 August 2017
Malaysian palm oil futures pulled back from last week’s gains and traded lower, weighed down by expectations that production in August would rise slightly and profit taking by traders would occur ahead of the long holiday weekend.
— The Borneo Post

Analysts confident Sunway will be able to deliver forecast earnings for the year
Analysts have revealed that they are confident that Sunway Bhd (Sunway) will be able to deliver their forecast earnings for the year.
— The Borneo Post

Malaysia’s Petronas says not interested in equity stake in Daewoo E&C
Malaysian state energy firm Petroliam Nasional Berhad on Saturday denied a media report that it was interested in buying a controlling stake in South Korea’s Daewoo Engineering & Construction Co.
— The Edge Market

One-tonne croc wanders into Limbang town
Folk in Limbang were left in shock and awe when a 16-foot crocodile appeared to have lost its way and ended up in front of a tyre shop at the town’s industrial zone yesterday.
— The Borneo Post

‘Family ties luring militants to Malaysia’
Family ties are luring Filipino militants and criminals to seek refuge in Malaysia, particularly in Sabah, said intelligence sources.
— The Star Online

Health Ministry accepts apology
The Health Ministry yesterday accepted the apology offered by theindependent.sg, or TISG in relation to the inaccurate report on the death of a Singaporean citizen in a Malaysian hospital recently
— The Borneo Post

INVERTED FLAGS, ILLEGAL MIGRANTS: HOW MALAYSIA-INDONESIA TIES TOOK A TURN FOR THE WORSE
With promises of higher wages and easy work, an agent lured Abu Bakar, 36, and his wife from their village on the island of Madura, off the coast of East Java.
— South China Morning Post

Malaysia thanks Saudi Arabia in smooth handling of Haj pilgrims
Malaysia has praised Saudi Arabia’s successful handling of 2.35 million Haj pilgrims from around the world, who converged in the Holy Land to perform the Fifth Pillar of Islam this year.
— New Straits Times

Why object to everything govt does, economist asks opposition
The ruling government and the opposition need to work together instead of criticising one another, said economist Amir Baharuddin.
— Free Malaysia Today

 

Feature photo Phalinn Ooi
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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