Malaysia morning news for December 19

Malaysia morning news for December 19

Malaysia morning newsKL rises in world’s most expensive location
Kuala Lumpur remains the highest placed Malaysian city as par of the findings of the latest Cost of Living survey published by ECA International, the world’s leading provider of knowledge, information and software for the management and assignment of employees around the world.
— The Borneo Post

Malaysia to ban export of four fish species and shrimp in Jan-Feb 2019
The Malaysian government has announced that it will prohibit the export of four species of wild-caught fish and shrimp to meet the shortage in the domestic market during the monsoon and festive seasons, a week after Putrajaya said that it was looking into limiting or stopping the export of eggs.
— Yahoo News

Malaysia on the hunt for an egg cartel after prices jump
An almost 30 per cent jump in egg prices in just one week has prompted a Malaysian government investigation into potential collusion.
— The Straits Times

Malaysia AirAsia could become SE Asia’s largest airline in 2019
AirAsia has regained market share in its original home market of Malaysia after accelerating short haul expansion. Malaysia AirAsia’s in-service fleet has expanded by 10 aircraft this year, driving 17% seat capacity expansion as utilisation and average seat density have also increased.
— CAPA

Philippines: Malaysian company interested in joint venture for bananas
A Malaysian company is interested in pursuing a joint venture with banana planters in the Philippines to tap into the export market to China, according to an official of the Malaysian Chamber of Commerce and Industries Philippines Inc (MCCI).
— Fresh Plaza

Zahid Steps Aside as Leader of Malaysia’s Main Opposition Party
The president of Malaysia’s longest-ruling party relinquished his duties Tuesday, after 17 of its 54 members of parliament abandoned the party over the last six months in what analysts said showed its failure to adapt to being in the opposition.
— Benar News

Leadership Forum to Advance the UN Sustainable Development Goals (SDGs) among SME’s
The Asia Pacific CSR Council supported by the United Nations Global Compact Network Malaysia and My Events Turnkey organised the Leadership Forum to Advance The UN Sustainable Development Goals (SDGs) among SME’s.
— AEC News Today/ PR Newswire (media release)

World Bank sees Malaysia’s economy slowing down
The World Bank has again revised downward this year’s forecast for Malaysia’s economic growth to 4.7 per cent from 4.9 per cent after factoring in rigorous cuts in government spending and slowdown in private and public investment.
— New Straits Times

November inflation seen easing to 0.5%
Malaysia’s consumer price index (CPI) is expected to rise 0.5% in November from a year earlier, a Reuters poll showed, marginally slower than the previous month amid lower transport prices.
— The Sun Daily

Malaysia is concerned about Uighurs in Xinjiang, China
Malaysia condemns all forms of oppression against any ethnic or minority group as long as their human rights struggle is based on the law and constitution of the country.
— The Star Online

LinkedIn to set up office in Malaysia
World’s largest professional network LinkedIn will be setting up an office in Malaysia in the first quarter of 2019 to serve its four million members in the country and to scale up its business in Asia Pacific.
— New Straits Times

Malaysia Excellence Business Awards 2018 in Conjunction with the CEO Innovative Disruption Forum
Organized by My Events Turnkey, The Malaysia Excellence Business Awards (MEBA) 2018 was held on 6 December 2018, recognizes companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, strategic product development and sustainability.
— AEC News Today/ PR Newswire (media release)

FBM KLCI to touch 1,830 by end-2019
MIDF Research expects the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) to rebound to 1,830 by end-2019, supported by the recovery in corporate earnings.
— The Star Online

No legal action against The Guardian, says Top Glove
Top Glove Corporation Bhd will not take any legal action against UK-based newspaper The Guardian, which alleged the glove maker had used forced labour.
— The Sun Daily

PLUS Malaysia confirms receiving CIMB arbitration notice
PLUS Malaysia Bhd confirmed today that it has been served with an arbitration notice by CIMB Group Holdings Bhd to restraint PLUS from engaging further in the PLUS Radio Frequency Identification (PLUS RFID) business.
— The Edge Markets

PNB, Maybank launch digital service for ASNB customers
Amanah Saham Nasional Bhd (ASNB) customers can top up their investments via digital channels following a tie-up between Permodalan Nasional Bhd (PNB) and Malayan Banking Bhd.
— The Star Online

Malaysia police beef up security at Selangor Hindu temple, as fireman killed in riot buried
Nearly 400 Malaysian police personnel have moved to secure a Hindu temple and the business complex of a property developer that is at the centre of a land dispute which sparked clashes at the religious site late last month.
— The Straits Times

Time to champion the Malaysian agenda, says academic
An academic has urged political parties to stop operating along ethnocentric lines and to begin championing the “Malaysian agenda” instead.
FMT

UST Global Awarded ‘Top Employers in the APAC for 2019’ by the Top Employers Institute
UST Global, a leading digital transformation solutions company, has been awarded the prestigious ‘Top Employers in the APAC for 2019’ certification for its India, Malaysia and Philippines location.
— AEC News Today/ PR Newswire (media release)

SC maintains decision to reprimand, impose penalties on Lotte Chemical
The Securities Commission (SC) is maintaining its decision to reprimand and impose penalties of RM2.19mil on Lotte Chemical Titan Holdings Bhd (LCT) and other relevant parties.
— The Star Online

Apex Mercury inks RM140mil merger deal
JF Apex Securities Bhd (JF Apex) and Mercury Securities Sdn Bhd (Mercury) today entered into an agreement to merge their stockbroking operations.
— The Star Online

CIMB seals Malaysia stockbroking JV with China Galaxy
CIMB Group Holdings Bhd (CIMB Group) today inked a share subscription agreement to form a stockbroking joint venture in Malaysia with China Galaxy Securities Co Ltd (CGS).
— New Straits Times

Felda’s transformation – 31 initiatives in 3 phases
The Federal Land Development Authority (Felda), which is undergoing a transformation plan, has identified 31 strategic initiatives to be implemented over three phases.
— The Sun Daily

The Datai Langkawi: The global luxury destination presents a new rejuvenated visage as the world’s unparalleled rainforest resort
After 25 years in an expansive site of more than 46 acres, The Datai Langkawi is ready to reveal its newly refurbished interiors and facilities without compromising the Datai’s DNA, following a 12-month renovation programme.
— AEC News Today/ PR Newswire (media release)

Umno is not directionless, Dr Mahathir is guiding it
Umno appears to be collapsing. In the first election for the then Federal Legislative Council in 1955, Umno won 34 of 55 seats. In 2004, it held 109 of the 219 seats. In the May 9 general election, it won 54 of 222 parliamentary seats, making it the largest party in Parliament.
— FMT

Global investors regain some confidence in Malaysia after GE14: S&P Ratings
Global investors have regained some confidence in Malaysia and its currency after the surprise victory of the Pakatan Harapan in the GE14 in May 2018, says S&P Global Ratings.
— The Star Online

Philip Morris Malaysia’s shift towards smoke-free products
TASNIM LOKMAN and AHMADFAIRUZ OTHMAN speak to Philip Morris (M) Sdn Bhd managing director Kang Tae Koo on the company’s push for cigarette alternatives
— New Straits Times

Enticing Family Fun Packages Await at Kuala Lumpur’s Sunway City
Kuala Lumpur’s Sunway Resort Hotel & Spa’s Family Fun Package for two (2) adults and two (2) children offers an exciting prospect for an activity-filled break for the whole family.
— AEC News Today/ PR Newswire (media release)

Prestariang founder Abu Hasan has board’s backing to stay on as CEO
Prestariang Bhd’s president and group chief executive officer (CEO) Abu Hasan Ismail has obtained his board’s backing to stay on at the helm, even after losing his entire stake in the company due to margin call.
— The Star Online

FGV signs agreement with CMEC to establish paper pulp production facilities
FGV Holdings Bhd has signed a Memorandum of Understanding (MoU) with China Machinery Engineering Corp (CMEC) to explore the feasibility of a joint venture or other collaborations that primarily involves the establishment of paper pulp production facilities.
— New Straits Times

 

Feature photo harun md

This week’s Malaysia morning news feature photo acknowledges International Migrants Day, December 18. 

 

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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