Malaysia Morning News For September 6

Malaysia Morning News For September 6

Malaysia morning news

Malaysian Universities Storm 2018 Times Higher Education List
The Times World University Rankings are out for another year with Malaysian Universities swamping the list, in the process disrupting the previously sedately moving ranking of Asean’s top Universities for 2018.
— AEC News Today

Malaysia summons Myanmar ambassador over ‘continuous violence’ against Rohingya
Malaysia summoned Myanmar’s ambassador on Tuesday (Sep 5), saying it was “gravely concerned” over the “continuous violence” perpetrated against Rohingyas in Myanmar’s restive Rakhine state.
— Channel News Asia

Malaysia’s retail sales likely to grow 3.7% in 2017
Malaysia’s retail sales will likely grow 3.7% in 2017, slower than previously estimated 3.9%, as consumer sentiment remains weak amid rising cost of living in Southeast Asia’s third largest economy.
— Nikkei Asian Review

Malaysia Exports Likely Rose in July — Poll
Growth in Malaysia’s exports likely accelerated in July, supported by strong shipments in electrical and electronics products, according to economists.
— Fox Business

Malaysia will likely escape El Nino, La Nina
Malaysia will likely escape the El Nino and La Nina phenomenon this year, based on normal readings of the temperature of the sea surface in the Pacific Ocean.
— New Straits Times

All media in Malaysia subjected to Act 588, says deputy minister
All media and online portals in Malaysia must be aware that their operations are subjected to the Communications and Multimedia Act 1998 (Act 588).
— Malay Mail Online

Singapore-Malaysia rail links will foster major regional hub
A Singapore-Malaysia commuter rail link set to open as soon as 2024 and a high-speed line coming two years later will unlock rich opportunities for state-of-the-art urban development nearby, putting this city-state at the heart of a transnational commercial center.
Nikkei Asian Review

UberFlash and UberTaxi launch in Malaysia
Uber Malaysia introduced two new services today, UberFlash and UberTaxi, aiming to make it easier for Malaysians to use the ride-hailing app.
— Tech In Asia

Global reinsurance outlook negative amid weak yields, prices – Fitch Ratings
The outlook for the global reinsurance sector in 2018 remains negative as profits will come under further pressure from falling prices and low investment yields, according to Fitch Ratings.
— The Edge Markets

Malaysia Stock Market May Open Under Pressure
The Malaysia stock market has alternated between positive and negative finishes through the last eight trading days since the end of the two-day losing streak in which it had fallen more than 5 points or 0.3 percent.
— Nasdaq

Malaysia hints at higher SME allocation under Budget 2018
Second Finance Minister Datuk Seri Johari Abdul Ghani hinted that the Malaysian Government may increase fund allocation for small and medium enterprises (SME) under Budget 2018 to further develop SMEs and support broader economic activities.
— The Edge Markets

Money changing biz in Malaysia expected to hit RM80b this year, says association
The money changing business in Malaysia, which recorded a turnover of RM73.5 billion in 2016, is expected to grow close to 9% this year to hit RM80 billion, according to the Malaysian Association of Money Services Business (MAMSB).
— The Edge Markets

Malaysia PM’s help sought as coffee, sundry shops push for 10-stick cigarette packs
Malaysia’s coffee shop and sundry shop owners had today signed a memorandum to lobby the government to reintroduce 10-stick cigarette packs to fight illegal cigarette trades in the country. The memorandum is addressed to the Prime Minister’s Office.
— The Edge Markets

Telekom seeks RM112,790 from R&A Telco for damaged cables
Telekom Malaysia Bhd has filed a statement of claim against R&A Telecommunication Group Bhd for RM112,790 for damaging its cables in Sri Petaling, near Endah Parade in 2013.
— The Star Online

Effective communication helped regain Sabah’s tourism draw – Masidi
Effective communication has enabled the Tourism, Culture and Environment Ministry to overcome negative publicity arising from incidents such as the Tanduo intrusion, kidnappings and the Mount Kinabalu earthquake to regain the State’s popularity as a tourist destination.
— The Borneo Post

BNM to regulate e-KYC remittances, new standards by October
Bank Negara is planning to regulate electronic Know-Your-Customer or e-KYC processes for remittance transactions, with the new standards to be finalised by October this year.
— The Star Online

LBS subsidiary buys mall operator for RM12 million
LBS Bina Group Bhd’s wholly-owned subsidiary Saujana Tunggal Sdn Bhd (STSB) has acquired the entire 100% equity interest in Gerbang Mekar Sdn Bhd (GMSB), owner and operator of a retail mall known as M3 Mall in Gombak, Kuala Lumpur for RM12 million.
— The Sun Daily

Trading volume on Bursa surges on China stocks, foreign buying hits RM100m
The turnaround in the fortunes of coal producer Sino Hua-an International helped garner interest in selected Chinese companies listed on Bursa Malaysia which pushed trading to the highest in recent months.
— The Star Online

Better trade facilitation could cut trade costs in Asia by up to 9% yearly, says ADB report
Improved trade facilitation — the simplification, modernisation, and harmonsation of export and import processes — can reduce trade costs by up to 9% in Asia and the Pacific, according to a new joint report by the Asian Development Bank (ADB) and the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
— The Edge Markets

Public-listed companies in Malaysia with no woman directors to be named and shamed: Najib
Public-listed companies (PLC) in Malaysia that do not have any woman on their boards of directors will be named and shamed, said Prime Minister Najib Razak.
— The Straits Time (paywall)

Malaysian team heads to Madagascar to probe suspected MH370 debris
Malaysia’s Department of Civil Aviation (DCA) has dispatched officials to Madagascar to receive and probe newly found suspected plane debris, Malaysian transport minister Liow Tiong Lai said on Tuesday (Sep 5).
— Channel News Asia (Video)

Putting Malaysia back in pivot to Asia
Against the backdrop of North Korea, rising China, and scandal-prone leaders on both sides, perhaps the best outcome to be expected in relations between the US and Malaysia is a reaffirmation of the status quo, Mustafa Izzuddin writes.
— Policy Forum

Rare footage of a new clearwing moth species from Malaysia reveals its behavior
Unique footage of a new species of clearwing moth has been recorded in a primeval rainforest in Peninsular Malaysia revealing the behaviour of this elusive insect.
— Eurek Alert (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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