Malaysia morning news for December 21

Malaysia morning news for December 21

Malaysia morning newsMalaysia drew RM139 bil in investments in first 9 months
Malaysia attracted a total of RM139.3 billion worth of investments in the manufacturing, services and primary sectors in the first nine months of 2018, up 18% from RM118.1 billion approved in the same period last year.
— FMT

Malaysia’s Dec 1-20 palm oil exports rise 2.9% — ITS
Exports of Malaysian palm oil products for Dec 1-20 rose 2.9% to 808,061 tonnes from 785,493 tonnes shipped during Nov 1-20, cargo surveyor Intertek Testing Services said on Thursday.
— The Edge Markets

US$6.4 trillion halal economy lures Malaysia’s biggest Islamic bank to go global
Malaysia’s biggest Islamic bank is setting up its first overseas branch to meet the demand for financing in the $6.4 trillion global halal economy.
— The Edge Markets

MAHB eyes RM1b in future investments for infra development
Malaysia Airport Holdings Bhd (MAHB) is expecting RM1bil worth of future investments from third party investors in the next three to five years from its investment in infrastructure development between 2018 and 2020.
— The Star Online

AmBank Research cuts manufacturing to neutral
AmInvestment Bank (AmBank Research), which has downgraded the manufacturing sector to “neutral” for the next 12 months, prefers household product manufacturers over can makers.
— The Sun Daily

Malaysia grants tax exemptions on insurance premiums
Malaysia’s Finance Ministry has announced tax exemptions for all individual policyholders who had bought or renewed an insurance policy during the tax holiday period from June 01 to Aug 31, 2018.
— Insurance Business

Singapore high commission says news reports in Malaysia on Johor’s port limits are inaccurate
Singapore’s High Commission said on Thursday (Dec 20) that the Republic’s security agencies have been “exercising restraint” in enforcing its territorial waters, in response to a MalayMail.com report claiming that Singapore Navy vessels were spotted within the new Johor Baru Port limits.
— The Straits Times

Malaysia encouraging students to master a third language
Malaysia’s Education Minister Maszlee Malik said on Tuesday (Dec 18) that his ministry was committed to seeing Malaysians master a third or even fourth language, including Arabic.
— Channel NewsAsia

CPTPP is good for Malaysia, says think tank
Malaysia should ratify the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to ensure sustainable economic development in the future, says the Institute for Democracy and Economic Affairs (IDEAS).
— FMT

Dell EMC, Veeam and Hyperlab Among the Winners in the 2018 Data & Storage Asean Awards
Asia Online Publishing Group is pleased to announce this year’s winners of the www.datastorageasean.com online awards. More than fifty tech companies were nominated for the DSA Awards 2018. The awards recognise the best of the best of these companies in their respective fields and areas of expertise.
— AEC News Today/ PR Newswire (media release)

Time not ripe for e-textbooks, say East Malaysian leaders
Several prominent East Malaysian politicians have criticised a decision to introduce digital textbooks to lower secondary schools next year, saying it is too soon and will cause problems in rural parts of Sabah and Sarawak.
— FMT

Malaysia’s headline inflation performed above expectations: Affin Hwang
Malaysia’s headline inflation improved from 0.6 per cent year-on-year in October to 0.2 per cent in November, better than market expectations of 0.4 per cent, said Affin Hwang Capital.
— New Straits Times

MACC provides review report on Felda’s shelved fish farming venture
The Malaysian Anti-Corruption Commission (MACC) made a visit to the Federal Land Development Authority (Felda) on Tuesday to provide a review report on the shelved fish farming.
— The Star Online

CIMB takes PLUS to court over RFID system
CIMB Group Holdings Bhd, the parent company of Touch ‘N Go Sdn Bhd, is taking PLUS Malaysia Bhd to court a day after it filed for an arbitration to stop the highway concessionaire from launching its own toll collection system.
— The Star Online

Aeon Credit posts better earnings in third quarter
Aeon Credit Service (M) Bhd’s net profit for the third quarter ended Nov 30, increased 23.5% to RM87.14 million from RM70.55 million a year ago, attributed to lower impairment loss on financing receivables.
— The Sun Daily

Malaysia to record export growth of 5-6 per cent this year
The Malaysia External Trade Development Corporation (Matrade) expects Malaysia to record an export growth of between five per cent and six per cent this year.
— The Borneo Post

Google Play Gift Cards are now available in Malaysia
To buy apps or content from the Google Play store, you can pay using your credit or debit cards or by carrier billing. In other countries, you can also get a Google Play Gift Card which you can buy from a physical store and then redeem the credits through your Google Account.
— Soyacinau

M&A transactions to dip next year
Malaysia is expected to see a dip in merger and acquisition (M&A) transactions next year, with 292 deals amounting to US$12.2 billion (RM50.9 billion) compared with the 311 deals amounting to US$13.2 billion transacted this year.
— The Sun Daily

China can buy more from Malaysia: Guan Eng
China can buy more from Malaysia, especially palm oil, to narrow the trade gap between both countries, says Finance Minister Lim Guan Eng.
— The Edge Markets

HSBC Insurance to dispose 49pct of its takaful business
HSBC Insurance (Asia Pacific) Holdings Ltd, an indirect wholly-owned subsidiary of HSBC Holdings Plc (HSBC), will be disposing of 49 per cent of its shares in HSBC Amanah Takaful (Malaysia) Bhd to FWD Life Insurance Company (Bermuda) Ltd.
— New Straits Times

Finance Ministry’s RM77m fund to help Felda settlers
The Finance Ministry has set up a fund with an allocation of RM77mil to help the Federal Land Development Authority (Felda) settlers settle their outstanding payments.
— The Star Online

Berjaya Land Q2 net loss narrows to RM1.77m
Berjaya Land Bhd’s net loss for the second quarter (Q2) ended Oct 31, 2018 narrowed to RM1.77 million versus the RM99.92 million net loss in the same period a year earlier.
— New Straits Times

Vincent Tan mulls taking 7-Eleven, BLand private; to list U Mobile, hotels
Berjaya Corp Bhd (BCorp) founder and executive chairman Tan Sri Vincent Tan plans to take private his convenient chain store operator 7-Eleven Malaysia Holdings Bhd as well as property and hotel business unit Berjaya Land Bhd(BLand).
— The Star Online

Ipsos: Malaysians tend to be over-apprehensive
Ipsos’ latest global study, which highlights our misperceptions about the economy, population, the environment and other key issues, has shown that Malaysians tend to be over apprehensive on these facts.
— The Borneo Post

 

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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