Malaysia morning news for December 27

Malaysia morning news for December 27

Malaysia morning newsKuala Lumpur sees 0.6pct drop in residential prices in 12 months
Kuala Lumpur is one of the first tier cities that saw residential prices slip on annual basis, a report by Knight Frank showed.
— New Straits Times

RM40 electricity bill rebate for 185,000 poor households
The government has allocated RM80 million for monthly electricity bill rebates of RM40 each for 185,000 poor and hardcore poor households registered and verified under the e-Kasih system, effective Jan 1.
— FMT

Total supply and use in Malaysia up 5.7% per year from 2010-2015
The total supply and use in the Malaysian economy grew 5.7% per year over five years, from RM2.7 trillion in 2010 to RM3.5 trillion in 2015.
— The Edge Markets

Malaysia to resume cash handouts for low income familes in January
Malaysia will resume cash handouts to low income families next month, with the first tranche of the Cost of Living Aid (BSH) – worth RM300 (US$71.86) per household – to be paid on Jan 28, said Finance Minister Lim Guan Eng.
— Channel NewsAsia

Ministry will ensure sufficient supply of petrol, diesel
The Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) will ensure sufficient supply of petrol and diesel for daily use across the country.
— New Straits Times

AirAsia’s cash position to be at RM2.43b post-MAHL disposal
AirAsia Group Bhd’s recent disposal of its entire stake in Merah Aviation Holding Ltd (MAHL) will result in annual savings of expenses related to financing and depreciation worth RM90.1 million and RM196.8 million respectively, said MIDF Research.
— New Straits Times

Malaysia reviewing palm oil export taxes amid bulging stockpiles
Malaysia, the world’s second-largest palm oil producer, is reviewing the duty structure for its exports of the edible oil, according to its minister in charge of agriculture produced for export, to boost demand and reduce burgeoning stockpiles.
— The Edge Markets

Malaysian students among those affected by tougher US visa laws
Malaysian students interested in furthering their studies at American universities will face a more restrictive US visa policy.
— FMT

Misif: Stop the continuous increase in electricity tariff
The Malaysian Iron and Steel Industry Federation (Misif) is calling the government to stop the continuous increase in electricity tariff imposed to industry players, citing the difficulties of the industry have hardly been taken into consideration seriously.
— The Sun Daily

Malaysian medical devices industry can assert itself in world marts
Malaysia’s innovation prowess, flanked by a well-established infrastructure, in the medical devices sector has caught the eye of international importers. Besides asserting itself in world markets, Malaysia can also become a regional distribution hub of Southeast Asia.
— Daily Express

UN man dumbfounded by Malaysia’s resistance to ICERD
A member of a United Nations (UN) committee tasked with monitoring the implementation of ICERD said Malaysia is now seen globally as accepting racial discrimination by not ratifying the international treaty.
— FMT

Durian Christmas tree a hit at Malaysia church
Christmas this year proved to be “aromatic” and one-of-a-kind for worshippers at the Good News Fellowship Church in Kuching.
— Asia One

Lack of digital economy talent spells trouble for Malaysia, say experts
A majority of companies next year will hunt for talent in smart technology to cut cost and grow a digital economy, says an economist, adding that they might have to rely on foreigners to fill these positions.
— FMT

Eversendai clinches RM321mil worth of new contracts
Eversendai Corp Bhd has secured a total of RM321mil new contracts in Singapore, Qatar and India.
— The Star Online

Petrol Dealers Association of Malaysia wants to meet with the government to discuss on fuel price structure
Following the finance ministry’s announcement that fuel prices will follow a weekly float system from next year, the Petrol Dealers Association of Malaysia (PDAM) wants the government to hold talks with its members before the move is implemented.
— Paultan

Brief: Gas Malaysia revises natural gas tariff
Gas Malaysia Bhd said the government instructed the company to effect revision of natural gas tariff for non-power sector in Peninsular Malaysia from Jan 1, 2019.
— The Edge Markets

UEM Edgenta and Proton in new energy initiative
UEM Edgenta Bhd has been roped in by Proton Holdings Bhd to manage and implement the national carmaker’s energy efficiency initiatives over seven years.
— New Straits Times

Malaysia-S’pore maritime dispute can be settled with give-and-take, says Chandra
Malaysia and Singapore need to learn how to give and take, be accommodative with one another and understand each other’s “feelings” when it comes to dealing with the much-talked-about maritime border dispute recently.
— FMT

Petronas clarifies Canadian subsidiary’s gas production restriction
Petroliam Nasional Bhd (Petronas) has clarified that Petronas Energy Canada used summer months as an opportunity to perform maintenance, inspection of production facilities.
— New Straits Times

Malaysian Broadcasting Dept: No reduction of religious programmes on RTM
The Malaysian Broadcasting Department has refuted allegations that religious programmes aired on Radio Television Malaysia (RTM) would be reduced beginning next year.
— Malay Mail

GlaxoSmithKline investing in new technology areas in Malaysia
GlaxoSmithKline (GSK) is investing in new technology areas such as analytics and artificial intelligence to advance its business in Malaysia with several robotic process automation pilot projects currently underway.
— The Edge Markets

 

Feature photo Dr. Mahathir bin Mohamad Facebook page

This week’s morning news photo features a defining moment, event, or situation from 2018 for each country as chosen by our editors.

 

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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