Malaysia Morning News For September 5

Malaysia Morning News For September 5

Malaysia morning news

Malaysia’s ports to be enhanced with China’s cooperation
Five new ports in Malaysia and China are now part of the China-Malaysia Port Alliance (CMPA), said Transport Minister, Datuk Seri Liow Tiong Lai (pix).
— The Sun Daily

US firm expands Hepatitis C generic licensing agreement to Malaysia
More Hepatitis C patients will soon be able to afford treatment, thanks to the decision by a US pharmaceutical company to expand its generic licensing agreement to Malaysia.
— The Star Online

5,000 hotels in Malaysia have started collecting tourism tax
Malaysian Association of Hotels (MAH) president Sam Cheah Swee Hee said hotel operators started the collection of tourism tax last Friday.
— South China Morning Post

Selangor eyeing big slice of global halal trade
Valued at US$2.1 trillion, it’s easy to understand why many see the global halal market as one of the industries of the future, and why Selangor is going all out to make the state a hub for the global halal trade.
— Free Malaysia Today

Malaysia names Mohamad Fuzi Harun as new police chief to take over from Khalid Abu Bakar
Datuk Seri Mohamad Fuzi Harun was appointed Malaysia’s new police chief effective on Monday (Sept 4), replacing retiring Inspector-General of Police (IGP) Tan Sri Khalid Abu Bakar.
— The Straits Times (paywall)

Civil societies hope new chief will raise police standards
Civil society groups have voiced hope that newly-minted Inspector-General of Police Mohamad Fuzi Harun will raise the force’s standards.
— Free Malaysia Today

Government taking steps to reduce air pollution by vehicles — Awang Tengah
The government has been taking various measures to overcome air pollution by motor vehicles, particularly in urban areas over the past few years.
— The Borneo Post

Voice assistants promise a light-fingered future
Tomorrow’s digital interface may be even more revolutionary than the pinching, tapping and scrolling heralded by the smartphone: voice commands promise to unify and tame our digital lives.
— Free Malaysia Today

Push for electric cars with BMW’s i Wallbox at CityOne
The push to adopt the use electric cars state-wide continues with Sarawak’s first BMW i Wallbox charging stations at Cityone Megamall, Kuching.
— The Borneo Post

Aging world population offer huge opportunities for savvy FMCG marketers, says GlobalData
The the world’s population is aging at unprecedented rates, and the number of people over 60 years of age will increase by 56%, from 900 million in 2015 to over 1.4 billion by 2030, according to business information and analytics firm GlobalData.
— The Edge Markets

Telematics company Katsana paves way to safer driving
Connected cars and insurance-focused data analytics company Pixelated Sdn Bhd (known as Katsana) said it has managed to reduce risky driving behaviour by 62% within 12 months and has a 96% track record in recovering stolen vehicles.
— The Sun Daily

Malaysia’s manufacturing sector shows signs of recovery in August
The Malaysian manufacturing sector showed signs of recovery in August against the backdrop of rising exports.
— The Borneo Post

Unexpected losses from RAPID project drags Mitrajaya
Unexpected losses from their portion of the refinery and petrochemical integrated development (RAPID) project – in terms of cost overruns and lower-than-expected construction margins from other jobs – has put a drag on the earnings of Mitrajaya Holdings Bhd (Mitrajaya).
— The Borneo Post

LEAP market may be a tough sell for Malaysia’s biggest funds
Companies heading for a listing on the Leading Entrepreneur Accelerator Platform (LEAP) market, launched by Prime Minister Datuk Seri Najib Abdul Razak more than a month ago, may have a tough time squeezing itself into the portfolios of some of Malaysia’s biggest funds.
— The Sun Daily

Value added services the way forward for manufacturers
Value-added services, such as 3D printing, are a way for Malaysian manufacturers to stand out from the competition according to a 2017 UPS Industrial Buying Dynamics survey.
— The Borneo Post

KLCI to kick start September on cautious note
The FBM KLCI is expected to commence trading in September, historically a tricky month for Malaysian equities, on a cautious note in line with global markets, as the spectre of a geopolitical conflict in the Korean peninsula weighed down global investor sentiment.
— The Edge Markets

Lafarge Malaysia sees widening losses from cement rebates
Cementmaker Lafarge Malaysia Bhd (Lafarge Malaysia) experienced a core net loss of RM102 million for the first six months of 2017 (1H17) which was broadly in-line with analysts’ expectation but was substantially off consensus estimate of RM67 million.
— The Borneo Post

CIMB Research projects stronger 2H17F for Felda Global Ventures
CIMB IB Research has maintained its “Reduce” rating Felda Global Ventures Holdings Bhd (FGV) at RM1.55 with a higher target price of RM1.47 (from RM1.45) and said FGV’s 2Q17 results were below house and Bloomberg consensus expectations.
— The Edge Markets

Cambodian arrested for trafficking maids to Malaysia
A Cambodian woman who allegedly deceived unsuspecting local women into being trafficked to Malaysia where they were forced to work as maids under harsh conditions has been arrested by the country’s police.
— Free Malaysia Today

Malaysia eyes golden feast at Asean Para Games
With Malaysia’s hopes to bag at least 103 gold medals at the upcoming Asean Para Games, all eyes will be on athletics, swimming, tenpin bowling and cycling.
— Malay Mail Online

Malaysia aim to stop ‘negative results’ to revive Asian Cup chances – Vingada
Head coach Nelo Vingada wants Malaysia to change their “negative wave of results” when they host Hong Kong in a 2019 AFC Asian Cup qualifying match at Hang Jebat Stadium on Tuesday night.
— ESPNFC (video)

 

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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