Malaysia morning news for December 14

Malaysia morning news for December 14

Malaysia morning newsSalaries in Malaysia forecast to rise 5.2% next year: Survey
Malaysia’s overall salary increase is projected to remain stable at 5.2 per cent in 2019, said global consultancy firm Mercer on Thursday (Dec 13).
— Channel NewsAsia

Najib tops Google’s ‘trending people of 2018’ list
Former prime minister Najib Abdul Razak is Malaysia’s most searched name on Google this year, according to the company’s Year in Search 2018 report.
— Malaysiakini

Malaysia: Auction Falls Short of $130 Million Sought for Equanimity
A superyacht seized from fugitive financier Jho Low is back on the market after Malaysia’s government rejected secret bids that came in below a guiding selling price of U.S. $130 million (543.44 million ringgit), officials announced Thursday.
— Benar New

Egg prices soar as Malaysia looks to limit exports
Madam X.Y. Loh, 56, runs a small bakery in Jurong, making a variety of cakes, buns and pastries as well as other goodies.
— The Straits Times

Airline fuel efficiency up 1.5 pct saves US$3.7 billion: IATA
Fuel efficiency in terms of capacity use per available tonne per kilometres (ATK) is expected to improve by 1.5 per cent or US$3.7 billion of fuel saving in 2019 as deliveries of new aircraft grow and fuel prices rise sharply.
— New Straits Times

Automotive sector still lags major organic catalysts
Malaysia’s automotive sector still lags major organic catalysts and as such, analysts pegged a ‘neutral’ view on the sector’s outlook next year.
— The Borneo Post

Malaysia sets $178m minimum selling price for superyacht Equanimity linked to Jho Low
The superyacht Equanimity, which is linked to the 1MDB scandal, will be put on sale for a minimum price of US$130 million (S$178 million), said a lawyer who represents the Malaysian government.
— The Straits Times

Malaysia, Singapore shares edge higher as banks climb
Malaysia and Singapore shares edged higher Thursday as investors cautiously tip-toe back into markets amid signs of easing U.S.-China tensions. Banking stocks advanced further.
— Nikkei Asian Review (paywall)

Govt working hard to complete Pan Borneo Highway on time
The Works Ministry has assured that the Pan Borneo Highway project in East Malaysia will be completed on schedule despite some technical problems faced during the construction period.
— New Straits Times

Enough said, let Malaysia, Singapore negotiate on ILS — Loke
Transport Minister Anthony Loke said today Malaysia and Singapore should be allowed to negotiate the issue of the proposed Instrumental Landing System (ILS) approach to the republic’s Seletar Airport.
— The Edge Markets

Telcos urged to build more infrastructure in rural areas
Telecommunication companies have been told to build more new infrastructure in rural areas, including fibre optic networks and communication towers to achieve the 98 per cent target covering Malaysia’s populated areas with average broadband speeds of up to 30Mbps by 2023.
— New Straits Times

Mahathir and the ICERD affair
Saturday’s anti-ICERD demonstration has given rise to many questions. Why was the government so unprepared to defend one of its own initiatives? Was there another agenda at play at the back of it all? And how will it impact the Pakatan Harapan (PH) government going forward?
— FMT

SC hails Malaysia’s improved corporate governance ranking
Securities Commission Malaysia (SC) has welcomed Malaysia’s achievement in a corporate governance ranking which saw the country emerging as the biggest gainer after rising to the fourth position, from seventh previously, among 12 Asia-Pacific nations.
— The Edge Markets

Malaysia – Singapore to hold more talks early 2019
Malaysia will hold talks with Singapore early next year to find solutions to the disputed maritime issue.
— New Straits Times

CIDB publishes list of certified construction materials
The Construction Industry Development Board (CIDB) has published a list of certified local construction materials and products for 2017.
— The Borneo Post

MUI executive chairman Khoo Kay Peng retires
Tan Sri Khoo Kay Peng announced his retirement as Malayan United Industries Bhd (MUI) executive chairman today after helming the company for four decades.
— The Star Online

TH plans to put a cap on depositor’s fund level
Lembaga Tabung Haji (TH) is looking to put a cap on each depositor’s fund in the future as one of the measures to reduce government’s liability and exposure towards the depositors.
— The Borneo Post

Govt debt to be elevated at 51.4% of GDP next year, says RAM
RAM Rating projects the Malaysian Government debt to remain elevated at 51.4% of GDP in 2019 versus the estimated 51.6% in 2018.
— The Star Online

LEAD (eaneco) EcoWorld aims RM12b sales, better earnings in 2019
Eco World Development Group (EcoWorld Malaysia) and Eco World International Bhd (EcoWorld International), which are targeting to achieve RM12 billion combined sales over two financial years FY2019 –FY2020, are expected to achieve better earnings in FY2019 compared with FY2018 with its high unbilled sales.
— The Sun Daily

Vertice to sell 60pc fashion biz Voir to founder Seow for RM33m
Vertice Bhd plans to sell a 60 per cent stake in its fashion retail business to its founder and executive deputy chairman Seow Khim Soon for RM32.62 million.
— New Straits Times

Margma defends members on foreign workers’ rights issue
The Malaysian Rubber Glove Manufacturers Association (Margma) has come to the defence of its members in light of recent media reports on the issue of foreign workers’ rights in Malaysia.
— The Borneo Post

Malaysia sees the need for good compliance practice
Local industries and governance regulators, in particular Bank Negara, have the desire and also see the need for good compliance practice, says the International Compliance Association (ICA).
— The Star Online

Lynas should remove waste, minister tells workers
Putrajaya today defended its decision to revoke the permit of Lynas Advanced Materials Plant (LAMP) if it fails to remove its radioactive waste from Malaysia.
— FMT

Development plan for Malaysia Vision Valley 2.0 unveiled for the first time
Negeri Sembilan Menteri Besar Aminuddin Harun has unveiled a comprehensive development plan (CDP) for Malaysia Vision Valley 2.0 (MVV 2.0), a state-led private sector-driven development that spans across 153,411ha in Seremban and Port Dickson.
— The Edge Markets

MVV 2.0 to attract RM294 billion investments in 30 years
The development of Malaysia Vision Valley 2.0 (MVV 2.0) in the western part of Negri Sembilan is expected to attract RM294 billion of investments in 30 years.
— New Straits Times

Malaysian stocks extend gains for second day
Local shares kept up the momentum from yesterday in tandem with regional peers, underpinned by signs of easing tensions between the world’s two major economies.
— The Edge Markets

PLUS launches country’s first solar EV charging station
PLUS Malaysia Bhd (PLUS), today launched the country’s first solar electric vehicle (EV) charging station.
— New Straits Times

No official relationship with PAS, says Ismail Sabri
Umno vice-president Datuk Ismail Sabri Yaakob has denied that party’s central leadership was forging a relationship with Islamist party, PAS, despite working together on several occasions such as at the recent anti-ICERD rally.
— Malay Mail

Malaysia eyes 6.83 lakh visitors from India in 2019
“India is one of the top 10 source markets for Malaysia. We are expecting 6,83,000 visitors from India in 2019,” Tourism Malaysia Package Development Division Director Tuan Syed Yahya Syed Othman told reporters.
— Money Control

 

Feature photo Zunar Cartoonist Fan Club

This week’s Malaysia morning news feature photo acknowledges Human Rights Day, December 10.

 

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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Sreypov Men recently completed a course of study in International Relations at the Institute of Foreign Languages.

She commenced as an intern at AEC News Today and was appointed as a junior writer/ trainee journalist on April 2, 2018

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