Malaysia morning news for December 20

Malaysia morning news for December 20

Malaysia morning newsMalaysia seafood export limits ‘not likely to have significant impact’ on Singapore supply: AVA
Malaysia’s restrictions on fish and shrimp exports are not likely to have a significant impact on Singapore’s overall seafood supply, said the Agri-Food and Veterinary Authority of Singapore (AVA) on Wednesday (Dec 19).
— Channel NewsAsia

MAHB’s record-breaking profits bring risks to the Malaysian economy and tourism industry: AirAsia
Malaysia Airports Holdings Bhd’s (MAHB) record profits, which the group claimed to be attributed to an increase in passenger service charge (PSC) and growth in passenger numbers, come at a cost to the Malaysian economy and tourism industry, said AirAsia Group.
— New Straits Times

Dr Mahathir’s ratings down by 20%, says Rafizi
Dr Mahathir Mohamad’s ratings have taken a plunge in the six months since he took over from Najib Razak, according to an opinion polls cited by PKR’s Rafizi Ramli today who warned that the post-election euphoria in favour of Pakatan Harapan was running out fast.
— FMT

Nov vehicles sales down 1.8pc: MAA
New vehicle sales dropped 1.8 per cent or 905 units to 48,282 in November from 49,187 a year ago, says Malaysian Automotive Association (MAA).
— New Straits Times

EPF reports higher investment income of RM14.61b in Q3
The Employees Provident Fund’s (EPF) total investment income in the third quarter ended Sept 30, 2018 rose to RM14.61bil, with equities accounting for the main revenue driver.
— The Star Online

MAHB has 10 more airlines on its radar
Malaysia Airports Holdings Bhd (MAHB) aims to attract 10 airlines, both premium and low-cost carriers (LCCs) to Malaysia, especially to its five main airports, in 2019.
— The Sun Daily

Prepare for Visit Malaysia 2020
All local councils must upgrade infrastructure as part of preparations to welcome Visit Malaysia 2020, the government announced.
— The Star Online

New Proton SUV to put Malaysia-China relations to the test
China and Malaysia are placing hopes on a new sport utility vehicle turning around the fortunes of ailing carmaker Proton, as well as chilled bilateral ties.
— Nikkei Asian Review (paywall)

Malaysia targets middlemen to end debt bondage of migrant workers
Under pressure to crack down on labor abuses, Malaysia is moving to eliminate middlemen who charge millions of foreign workers exorbitant recruitment fees, leaving them saddled with debt and vulnerable to exploitation.
— Reuters

Malaysia opposition meltdown threatens fragile ruling coalition
The meltdown of Malaysia’s main opposition party is threatening the ruling coalition, as opposition lawmakers flooding into Prime Minister Mahathir Mohamad’s faction change the coalition’s balance of power.
— Nikkei Asian Review (paywall)

Singapore dollar hits 13-month high against Malaysian ringgit
The Singapore dollar continued its ascent against the Malaysian currency to reach a 13-month high against the ringgit on Wednesday (Dec 19).
— Channel NewsAsia

Malaysia’s O&G activities on the rise next 3 years
Domestic oil and gas (O&G) activities across the services value chain is expected to be on the rise based on activity outlook report released by Petroliam Nasional Bhd (Petronas).
— New Straits Times

4.4 million insurance, takaful policyholders to be reimbursed
The Finance Ministry today announced tax exemptions for all individual policyholders who had bought or renewed an insurance or general takaful policy for motor, fire or accident insurance during the tax holiday period from June 1 to Aug 31, 2018.
— The Star Online

KL office space to remain firmly tenant-led in 2019
The Kuala Lumpur office sector will remain firmly tenant-led next year as there is no immediate catalyst to boost demand, said independent global property consultancy Knight Frank.
— New Straits Times

MRCB gets RM1.07b from EPF for Bukit Jalil project
Malaysian Resources Corporation Bhd (MRCB) has received RM1.074 billion from the Employees Provident Fund (EPF) for its 80 per cent subscription in Bukit Jalil Sentral Property Sdn Bhd (BJSP), the special purpose joint venture company undertaking the development of Bukit Jalil Sentral.
— New Straits Times

TNB’s power plant achieves national grid connectivity
Unit 1 of Jimah East Power Sdn Bhd’s coal-fired power plant in Port Dickson, Negeri Sembilan, successfully achieved its first synchronisation on Dec 10.
— The Borneo Post

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)

SME Corp, Huawei reveal SMEs face ‘computerisation trap’
In yet another initiative to promote digitalisation among small and medium enterprises (SMEs), SME Corp Malaysia and Huawei Technologies (M) Sdn Bhd yesterday announced a whitepaper on the current state of digitalisation in Malaysian SME sector.
— The Borneo Post

TNB to announce broadband plan in January
Tenaga Nasional Bhd(TNB) will announce the details of its plan to enter the broadband services market in January.
— The Star Online

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 a recovery in corporate earnings.
— The Borneo Post

CIDB partners Sany Construction to spur IBS uptake
Construction Industry Development Board Malaysia (CIDB) is partnering with Sany Construction Industry Development (M) Sdn Bhd, a subsidiary of China’s Sany Group Co Ltd, to further enhance industrialised building system (IBS) adoption in the local construction industry.
— The Sun Daily

Top Glove’s outlook anchored by capacity-led expansions
Top Glove Corporation Bhd’s (Top Glove) outlook is expected to continue being underpinned by stable and steady growth in demand of disposable medical glove, with earnings to be anchored by capacity-led expansions.
— The Borneo Post

Vincent Tan plans to list U Mobile by 2020, to delist Berjaya Land
Berjaya Corp Bhd’s (BCorp) founder and executive chairman Tan Sri Vincent Tan Chee Yioun (pix) today announced a slew of corporate exercises, including the potential listing of U Mobile Sdn Bhd and the delisting of Berjaya Land Bhd (BLand) from Bursa Malaysia.
— The Sun Daily

Felda identifies 31 strategic initiatives for transformation plan
The Federal Land Development Authority (Felda), which is undergoing a transformation plan, has identified 31 strategic initiatives to be implemented over three phases.
— The Borneo Post

I’m tired of intimidation and harassment, says lawyer Fadiah
Lawyer-activist Fadiah Nadwa Fikri has questioned the government for giving the authorities a free hand to intimidate and harass human rights activists.
— FMT

 

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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