Malaysia morning news for December 31

Malaysia morning news for December 31

Malaysia morning newsSome first-time home buyers in Malaysia exempt from stamp duty from Jan 1
First-time home buyers in Malaysia will be fully exempted from paying stamp duty for properties that cost between RM300,001 and RM1 million (US$240,800), the Finance Ministry announced on Saturday (Dec 29).
— Channel NewsAsia

Msia to boost revenue in 2019 on higher oil price
Malaysia is expected to receive a boost in its revenue next year on higher oil price, with the local and global analysts predicting the Brent crude to rebound to around US$72-US$75 average a barrel for 2019.
— New Straits Times

French Swoop on ‘KAQ’s’ 1MDB Funded Assets Worth €130 – €150 Million
After months of secret investigations and enquiries the French regulators have now made their own 1MDB related seizures, according to a swathe of local reports over the weekend.
— Sarawak Report

Malaysia moves to reap the benefits of processing global plastic waste
After China shut its doors to the world’s plastic waste, Malaysia became a go-to destination for some countries looking to get rid of their trash.
— Channel NewsAsia

Malaysia Launches Free Health Care Scheme For Low-Income Earners
The Malaysian government has announced a free national health insurance scheme for the low-income population group at an initial cost of two billion ringgit ($481 million).
— Investvine

Govt should look into management cost reduction: Economists
Reduction in management cost is a key option if the government decides to revise the 2019 Budget, if oil prices continue flowing down to US$50 per barrel, according to economists.
— New Straits Times

Petronas buys 10% stake in Oman oil block
Petroliam Nasional Bhd’s (Petronas) subsidiary bought a 10% stake in Block 61, onshore Oman, marking an important step in its strategy in the upstream sector.
— The Star Online

TI wins case against Malaysian firm
Murugappa Group’s arm Tube Investments of India Ltd. has won a trademark case against Malaysia’s BSA Group Sdn Bhd.
— The Hindu

RHB Bank, BSN, Bank of China offer lowest lending rates
RHB Bank Bhd, RHB Islamic Bank Bhd, Bank Simpanan Nasional Bhd (BSN) and Bank of China (Malaysia) Bhd are among the financial institutions and development financial institutions (DFIs) which offer the best rates to borrowers.
— The Star Online

Sarawak party urges state govt to impose 20pc sales tax on petroleum
State Reform Party (STAR) president Lina Soo today urged the Sarawak government to impose a 20 per cent sales tax on petroleum and petroleum products to fund schools and infrastructures.
— Malay Mail

Bersatu has role to enhance bumiputera stake in Malaysia’s economy: Muhyiddin
A small economic pie will only lead to chaos as the people will fight each other to grab the few benefits, Parti Pribumi Bersatu Malaysia (Bersatu) president Muhyiddin Yassin said on Sunday (Dec 30).
— The Straits Times

CAN A ‘NEW MALAYSIA’ EMERGE WHILE THOSE IN POWER PLAY AN OLD GAME?
In May this year, an old hand gave Malaysian politics a makeover. Ninety-three year old Mahathir Mohamad led his Pakatan Harapan coalition in ousting the Barisan Nasional – the bloc that had governed the country for much of its history as an independent state.
— South China Morning Post

Year Ender: Sea change in Malaysia’s approach towards trade pacts
The year 2018 saw a sea change in Malaysia’s political and economic landscapes, with a high-profile trade war and tit-for-tat action between the world’s two largest economies serving as a backdrop to what could be an eventful year for international trade pacts.
— The Sun Daily

Malaysia woos Japanese universities despite hurdles
Tsukuba, a leafy town just 40km north of Tokyo, has a population of just 223,000 people — small in size by Japanese standards.
— New Straits Times

Top 50 decliners in percentage terms
BUMI Armada Bhd, an oil and gas services provider controlled by tycoon T. Ananda Krishnan, recorded the biggest decline in percentage terms as nervy investors sold down the shares over concerns of its cash flow situation.
— The Star Online

Four job seekers stuck in Malaysia, seek MEA’s help
As many as four students from the city, who are stuck in Malaysia after they were allegedly duped on the pretext of securing good jobs, appealed to Minister of External Affairs Sushma Swaraj to intervene into the matter and arrange for their repatriation. Apart from the four students, six more from the State and Andhra Pradesh are also stuck there.
— News Indian Express

Sand from Malaysia piles up at ports
Even as Karnataka reels under shortage of sand, 3 lakh tonnes of imported sand from Malaysia has piled up at the Mangaluru and Krishnapattinam ports.
— Times of India

Retiree cheated of RM230,000 by ‘Macau Scam’ syndicate
A woman retiree was cheated of RM230,000 by the “Macau Scam” syndicate after being duped by a phone call that claimed she owed the Inland Revenue Board (IRB) in tax arrears.
— Malay Mail

Dr M is not anti-monarchy, says Kadir Jasin
A senior PPBM leader denied that the prime minister is anti-monarchy, arguing that Dr Mahathir Mohamad had established a “cordial and productive working relationship” with almost all the kings he served.
— FMT

 

Feature photo Mohammad Firdaus Mokpink

This week’s morning news photo focuses on the death, pain, and loss that typically occurs at this time of year on Asean roads due to drunk driving, speeding, and a failure to wear protective helmets when travelling on motorbikes.

 

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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