Malaysia morning news for December 6

Malaysia morning news for December 6

Malaysia morning newsKL the least expensive city to stay in Asia
Kuala Lumpur retained its claim as the least expensive city in Asia – Malaysia’s capital is the best place to pick up a piano, indulge in cigars or book a hotel suite.
— The Star Online

Malaysia plans to roll out new high-tech car in four years
The progress of Malaysia’s third national car took a huge leap forward last week, when it was put before the government’s new economic planning committee, with plans to have a model in production by 2022.
— The Straits Times

Malaysia records highest trade surplus as exports surge in October
Malaysia posted its largest trade surplus ever in October as exports surged, while imports also rebounded, government data showed on Wednesday.
— The Edge Markets

Largest solar park in Malaysia starts operation
Tenaga Nasional Bhd (TNB) has completed ITS 50MWac solar power project in Sepang, Selangor, the largest solar project in the country.
— The Star Online

MoT establishes the National Aviation Consultative Council
Ministry of Transport (MoT) today established the National Aviation Consultative Council (NACC) aimed at addressing the local aviation development, challenges and direction to aid the country’s trade and economy.
— New Straits Times

Singapore makes strong protest to Malaysia over port extension plan
Singapore has made a ‘strong protest’ to Malaysia over its plan to extend the limits of a port in its southernmost state, saying it encroached the territorial waters of the wealthy city-state.
— New Straits Times

Malaysia’s Nov palm oil stocks seen at 3 mil tonnes
Malaysia’s palm oil stocks at end-November are likely to touch the 3-million-tonne mark, their highest in recent years, as the drop in exports outweighed leaner production, according to a Reuters survey.
— The Edge Markets

Forget Malaysia-Singapore food war over cendol because Indonesia has more of it
The latest “food war” between Malaysia and Singapore to lay claim on cendol may be misplaced because Indonesia has more varieties of it.
— The Star Online

Singapore refutes PM Mahathir’s claim that Malaysia has not ‘touched’ Singapore’s border
Singapore said on Wednesday (Dec 5) that its territorial waters extend westward of its current port limits around Tuas, reiterating that Malaysia’s extension of the Johor Bahru port limits is a “serious violation” of Singapore’s sovereignty and international law.
— Channel NewsAsia

Astro’s Q3 net profit jumps to RM153.22m
Astro Malaysia Holdings Bhd’s net profit jumped to RM153.22 million in the third quarter ended Oct 31, 2018 (Q3 2018) from RM146.68 million in the same period a year ago.
— New Straits Times

Affin Bank aims for 10,000 Visa Business Platinum credit cards
Affin Bank Bhd is confident that its newly-launched Visa Business Platinum credit cards will be well-received by its customers and expects to issue 10,000 credit cards next year.
— New Straits Times

Singapore’s Foreign Affairs Minister Vivian Balakrishnan urges Malaysia to ‘cease intrusions’
Foreign Affairs Minister Vivian Balakrishnan spoke to his Malaysian counterpart Saifuddin Abdullah on Wednesday (Dec 5) about Malaysia’s purported extension of the Johor Bahru port limits, urging Malaysia to cease intrusions into Singapore territorial waters to avoid escalating tensions on the ground.
— Channel NewsAsia

Aussie miner sinks after Malaysia call on radioactive waste
Investors have smashed rare earths miner Lynas slicing as much as 25 per cent from its share price after the Malaysian government signalled tough new conditions would be attached to its licence to operate in the country.
— Sydney Morning Herald

Hibiscus Petroleum plans FY19 capex of RM190 million
Oil and gas exploration and production company, Hibiscus Petroleum Bhd, plans to allocate capital expenditure (capex) of about RM190 million for the financial year ending June 30, 2019 (FY19), for its oil and gas fields in north Sabah and the North Sea Anasuria Cluster.
— The Borneo Post

TNB’s Mukim Tanjung 12 LSS contributes 73.2 MW of RE to national grid
Tenaga Nasional Berhad (TNB) is now contributing 73.2 MW of renewable energy (RE) to the national grid in line with the government’s target of generating 20 per cent of RE resources by 2030.
— New Straits Times

Sunway Construction unit bags RM100m construction job
Sunway Construction Group Bhd (SunCon) has bagged a construction job worth RM100 million in respect of the main building works for the proposed development in Jalan Peel, Jalan Shelley and Jalan Cheras, Kuala Lumpur.
— The Sun Daily

Serba Dinamik to allocate RM30 million for IT projects next year
Serba Dinamik Holdings Bhd is allocating about RM30 million to enhance and execute its existing information technology (IT) projects next year.
— New Straits Times

Six new standing committees as first step towards New Malaysia
IN a historic move, Parliament is set to have six new standing committees, said Subang MP Wong Chen.
— The Star Online

BBCC eyes RM250 million in sales in 2019
BBCC Development Sdn Bhd (BDSB), the developer of the RM8.7 billion Bukit Bintang City Centre (BBCC) project along Jalan Pudu, Kuala Lumpur, is targeting a modest RM250 million sales in 2019 in view of subdued property market.
— New Straits Times

BFood posts 21% increase in Q2 net profit
Berjaya Food Bhd’s second quarter net profit ended Oct 31 was 21.0% higher due to higher profit contributions from Starbucks Coffee operations in tandem with the higher revenue achieved.
— The Sun Daily

Malaysia through to final on night of drama
There was drama aplenty – four goals, two fightbacks, a red card and a penalty – at the Rajamangala Stadium in Bangkok last night as Malaysia qualified for the AFF Suzuki Cup final.
— The Edge Market

Lynas mulls ‘legal options’ after Malaysia imposes new conditions
Australian rare earths miner Lynas said on Wednesday (Dec 5) it would consider “legal options” after Malaysia imposed tough new conditions on waste removal for the renewal of its licences due next year.
— Chnnel NewsAsia

Exclusive: What do Malaysia’s reformers really want to achieve?
“We have proven to the world that political transition can take place after six decades without so much as a drop of blood,” says Nurul Izzah Anwar, a Malaysian Member of Parliament, human rights activist and ardent reformist of Malaysian politics.
GovInsider

DPI garners strong support for IPO investor roadshow
Nearly 300 of Kuching’s prominent businessmen and government representatives showed their ardent support for the investor roadshow of DPI Holdings Berhad (DPI) yesterday in conjunction with DPI Holdings’ IPO on the ACE Market of Bursa Malaysia Securities Bhd (Bursa Malaysia).
— The Borneo Post

Malaysian fugitive financier, 4 others face new 1MDB charges
Malaysian police said Wednesday they have filed new criminal charges against fugitive financier Low Taek Jho and four others over the multibillion-dollar looting of state investment fund 1MDB.
— Fox Business

Argentina in US$2.3bil joint shale oil project with Petronas
ARGENTINA’s state-controlled energy company YPF and Malaysia’s Petronas are forming a joint venture to invest US$2.3 billion over the next four years in the country’s Vaca Muerta shale oil fields, the president’s office announced on Tuesday.
— The Star Online

 

Feature photo Kentaro IEMOTO

This week’s Malaysia morning news feature photo acknowledges International Civil Aviation Day, December 7. 

 

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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