Welcome to the Malaysia morning news roundup by AEC News Today, your one stop for Malaysia news on matters of governance and policies affecting Asean business communities.
Malaysia’s seven strong points to draw investment funds from China
YONG RUOBING, managing director of MCC Overseas, has cited seven main points which have drawn Chinese investment into the property sector in Malaysia.
— The Nation
Texchem invests RM74mil to boost performance
Texchem Resources Bhd plans to spend RM74mil for existing and new businesses this year to boost the company’s performance.
— The Star Online
Malaysia arrests seven for suspected links to militant groups
Malaysia has arrested six foreigners and one Malaysian for suspected links to militant groups including Islamic State, the police chief said on Sunday.
Malaysia Forces Out North Korean Ambassador
The government of Malaysia declared North Korea’s ambassador “persona non grata” on Saturday and gave him 48 hours to leave the country, a major break in diplomatic relations after the airport assassination of Kim Jong-nam, the half brother of North Korea’s leader.
— The New York Times
Malaysia expels North Korea ambassador over Kim Jong-nam killing
Malaysia has expelled North Korea’s ambassador, giving him 48 hours to leave the country in a major break in diplomatic relations over the assassination of the half-brother of the North Korean leader.
— The Guardian
UEM collaborates with Google Malaysia
UEM Group Bhd, a key infrastructure company owned by Khazanah Nasional Bhd, is collaborating with Google Malaysia to stimulate the interests of secondary school students in science, technology, engineering and mathematics subjects through an initiative to encourage digital innovation.
— The Star Online
Ringgit opens lower against US dollar
The ringgit opened lower against the US dollar as sentiment for the local note weakened on rising expectation that the US Federal Reserve will raise interest rates this month.
— New Straits Times
Malaysia expels North Korean envoy after Kim Jong Nam murder
Malaysia said on Saturday it was expelling the North Korean ambassador, escalating a diplomatic row between the two countries over the murder of the estranged half-brother of North Korean leader Kim Jong Un.
North Korean murder suspect says Malaysia in conspiracy to damage Pyongyang’s honor’
Ri Jong Chol, a suspect in the murder of the estranged half-brother of North Korea’s leader, said in Beijing that he was a victim of a conspiracy by Malaysian authorities attempting to damage the honor of North Korea.
No glass ceiling for women in VC/PE, it’s just percieved so: Cradle CEO Dzuleira
Amid constant debate on the skewed proportion of women across the industry, including PE/VC, Malaysia’s Cradle Seed Ventures CEO Dzuleira Abu Bakar stands by the belief that it is always better to have diversity in an organisation.
— Deal Street Asia
North Korean’s coercion claims won’t affect Jong-nam murder case, lawyers say
A North Korean suspect’s claims of facing coercion to confess while under Malaysian police custody is unlikely to affect the Kim Jong-nam murder case, lawyers have said.
— Malay Mail Online
CIMB obtains RQFII licence, access to China’s capital markets
CIMB-Principal Asset Management Bhd has become the first asset management company in Malaysia to obtain the Renminbi Qualified Foreign Institutional Investor (RQFII) licence, which gives it direct access to China’s capital markets.
— Malay Mail Online
All eyes on syariah Bill as Malaysia’s Parliament reopens
Malaysia’s Parliament will reopen today, with the Najib administration set to push through a controversial Bill to strengthen Islamic courts, a move that will influence the country’s upcoming general election.
— The Straits Times
Malaysia declares North Korean ambassador ‘persona non grata’
Malaysia has declared on Saturday night the ambassador of North Korea to the country as “persona non grata” and asked him to leave Malaysia within 48 hours, amid a row over the investigation into a North Korean man’s death.
— Business Mirror
Feature photo: Zashnain Zainal
The Malaysia morning news roundup is published M-F by AEC News Today: Governance, not government; policies not politics.