Malaysia morning news for December 7

Malaysia morning news for December 7

Malaysia morning newsMurky: Najib Razak, 1MDB, 100 grand, a couple of feuding prince’s & a dead journalist
Early this week a sizzling string of emails led investigative journalists to uncover the explosive link between conspirators in the 1Malaysia Development Berhad (1MDB) financial scandal, former Malaysian prime minister Najib Razak, and feuding royal families under Saudi crown prince Mohammed Bin Salman. That link: murdered Saudi dissident and journalist Jamal Khashoggi.
— AEC News Today

Bank Negara states digital assets not legal tender in Malaysia
Bank Negara Malaysia reiterates digital assets are not legal tender in Malaysia and advised the public to carefully evaluate the risks associated with dealings in these assets.
— The Star Online

Exports of made-in-Malaysia medical devices to cross RM23b in 2019
The Association of Malaysian Medical Industries (AMMI) is projecting exports of medical devices from Malaysia to record a year-on-year growth of eight percent and cross RM23 billion in 2019.
— Malaysiakini

Penang Port may lose 20% of cargo traffic volume
The Penang Port may be at risk of losing 20 per cent of its cargo traffic volume unless its logistics’ efficiency improves, said Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) Joint Business Council (JBC) Malaysia Chairman Datuk Faudzi Naim Noh.
— The Star Online

Malaysia improves in terrorism ranking, but region emerges as hotspot
Malaysia has improved its position in the Global Terrorism Index (GTI) 2018, as the number of deaths from terrorism globally declined for the third year in a row last year.
— Malay Mail

EPF to align monthly contribution with new minimum wage order
Beginning Jan 1, 2019, the minimum contribution of employees and employers to the Employees Provident Fund (EPF) will be aligned with the Minimum Wages Order (Amendment) 2018 of RM1,100 for both Peninsular Malaysia, and Sabah and Sarawak.
— The Star Online

Petronas to study energy supply to Silica Valley
Petroliam Nasional Bhd (Petronas) is undertaking a feasibility study for the development of the energy supply and related infrastructure in Terengganu Silica Valley in Marang, Terengganu.
— New Straits Times

Export of medical devices to cross RM23 billion in 2019
The Association of Malaysian Medical Industries (AMMI) is projecting exports of medical devices from Malaysia to record a year-on-year growth of eight per cent and cross RM23 billion in 2019.
— New Straits Times

Sapura Energy’s Q3 net loss narrows
Sapura Energy Bhd’s net loss narrowed to RM31.09 million in the third quarter ended Oct 31 from RM274.41 million a year ago, in line with a higher revenue, which rose 17.36% to RM1.50 billion from RM1.28 billion a year ago.
— The Sun Daily

Techbond eyes operational expansion in M’sia
Techbond Group Bhd (Techbond), a developer and manufacturer of industrial adhesives and sealants, as well as a provider of supporting products and services, hopes to further expand its operations in Malaysia and Vietnam.
— The Borneo Post

Malaysia invites China’s Cosco to set up transshipment hub
Transport Minister Anthony Loke will pay a courtesy call to Cosco Shipping Line in China next month, in a bid to invite the shipping line to make Malaysia its transshipment hub in South-East Asia.
— The Star Online

Felda: All plantations to be MSPO-certified by December next year
The Federal Land Development Authority (Felda) aspired to have all of its plantations 100 per cent MSPO-certified by December 2019, from 42 per cent at present, said chairman Tan Sri Megat Zaharuddin Megat Mohd Nor.
— New Straits Times

Top Glove, AMMB to replace Telekom, KLCCP Stapled in KLCI
Top Glove Corporation Bhd and AMMB Holdings Bhd will be included in the FTSE Bursa Malaysia KLCI with effect from Dec 24, taking over from Telekom Malaysia Bhd and KLCC Prop & REITS – Stapled Securities.
— The Star Online

ATIA to set up first robotics centre of excellence in Cyberjaya
Advance Technologies Innovative Alliance Sdn Bhd (ATIA) is collaborating with three local companies to set up the first Centre of Excellence For Robotics in Malaysia, which will be based in Cyberjaya.
— New Straits Times

Malaysia’s established malls record 92% occupancy rate
Malaysia’s established mall operators recorded an average occupancy rate of 92% in 2018, according to a survey conducted by the Malaysia Shopping Malls Association (PPK).
— The Edge Markets

Japan and Malaysia trade places in corporate governance rankings
Japan is falling behind its regional peers in corporate governance while Malaysia is making marked improvements, according to a new report by the Asian Corporate Governance Association.
— Nikkei Asian Review (paywall)

Maxis launches Hotlink Postpaid Flex Plus
Maxis Bhd has launched Hotlink Postpaid Flex Plus, which comes bundled with a device and even more data, making it even simpler to move up to postpaid.
— New Straits Times

Singapore, Malaysia maritime dispute: A timeline
Singapore and its northern neighbour Malaysia are embroiled in a maritime dispute after the two countries traded conflicting views over the issue.
— Channel NewsAsia

Temple riot exposes Malaysia’s Indian minority
Recent violence surrounding the Seafield Hindu temple in Selangor, Malaysia, near the national capital, has put race relations in the multi-ethnic nation on a new edge.
— Asia Times

Competition between Singapore, Malaysia will ‘help us grow even faster’: Mahathir
Competition between Singapore and Malaysia will “help us grow even faster”, said Malaysian Prime Minister Mahathir Mohamad on Thursday (Dec 6).
— Channel NewsAsia

Umno still rudderless under Zahid, sources say
The United Malays National Organisation’s direction is still unclear even though its president Ahmad Zahid Hamidi has gone around the country to explain the party’s position since it lost power in GE14, party grassroots said.
— Today Online

Malaysia and Qatar boost cooperation
Malaysia and Qatar are ready to ramp up cooperation in various sectors, especially in trade and investment.
— New Straits Times

Authorities in Malaysia have torched nearly three tons of pangolin scales worth $9 million.

Yasmin relinquishes position as MDEC CEO
Datuk Yasmin Mahmood (pix) has relinquished her position as the CEO of the Malaysia Digital Economy Corp (MDEC) to pursue a role in a tech venture in Jakarta, Indonesia.
— The Sun Daily

World’s top glovemaker vows clean-up as migrant workers toil in Malaysian factories
Malaysian firm Top Glove, the world’s largest glovemaker, vowed on Thursday to clean up its labour supply chain and workplace practices after cases were uncovered of migrants toiling for long hours to pay off huge debts.
— The Edge Markets

KFC Malaysia ties up with SoCar of South Korea
KFC Malaysia has partnered with SoCar, a South Korea-based car-sharing application, to introduce 12 additional SoCar zones in selected KFC outlets in Kuala Lumpur and Johor Baru.
— The Star Online

Samsung Malaysia called out for ‘false advertising’
Samsung Malaysia is being accused of using a stock image shot on a DSLR camera to sell its Galaxy A8 Star smartphone.
— AdNews


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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