Malaysia Morning News For February 7

Malaysia and Singapore to set up stock market trading link
Malaysia and Singapore will set up a stock market trading link between Bursa Malaysia (BM) and Singapore Exchange (SGX) by the end of this year, regulators from both countries announced on Tuesday (Feb 6).
— Channel NewsAsia

AirAsia unveils FACES, Malaysia’s first airport facial recognition system
AirAsia Group has unveiled its Fast Airport Clearance Experience System (FACES), Malaysia’s first airport facial recognition system with self-boarding gate, making it the first airline in Asia to offer the latest biometric facial recognition technology.
— New Straits Times

Malaysia: A-BIO backs $5.1m strategic investment in Ain Medicare
A-BIO Sdn Bhd has entered into a strategic collaboration through an RM20 million ($5.1 million) investment in Ain Medicare Sdn Bhd that will see it venture into the manufacturing of higher value bio-based products.
— DealStreetAsia

GE14: the polls, the money, the stakes
As Malaysians head to the 14th General Elections (GE14) in the next 100 days, the stakes have seldom been higher, and the nature of the nation is now fiercely contested.
— New Mandala

Malaysia’s economic performance in tandem with job creation, says Rahman Dahlan
Malaysia’s economic performance matches strongly with job creation in the labour market, said Datuk Seri Rahman Dahlan.
— The Star Online

Exclusive: Creador-backed Malaysian retailer RedCap merges with BIG Pharmacy
Malaysian retail pharmacy chain RedCap Pharmacy, owned by private equity firm Creador, has merged with local pharma retailer BIG Pharmacy, this portal has learnt.
— DealStreetAsia

Nestle maintains Milo is good for you, if properly mixed with water
Milo’s manufacturer said today that the popular chocolate malt drink did not have excessive amounts of sugar, after a video attacking the company went viral recently.
— Malay Mail Online

MH370 search ship vanished for three days before reappearing
The ship searching for Malaysia Airlines Flight MH370 had disappeared from tracking screens for three days when it mysteriously switched off its own satellite monitoring system before reappearing, The Guardian reported.
— Malay Mail Online

Measures lauded but will they benefit Malaysian stock market?
The stamp duty waiver on trading of shares of mid and small-cap companies listed on Bursa Malaysia and the establishment of a stock market trading link between Bursa Malaysia and Singapore Exchange (SGX) by year-end have been lauded by industry players as positive measures, but the benefits to the local stock exchange may be somewhat insignificant.
— The Sun Daily

UAE, Malaysia forge stronger ties
The UAE is intensifying its efforts to promote its relations with Southeast Asian countries, which are among the fastest growing economies in the world with growth rates exceeding six per cent for some economies.
— Khaleej Times

EITA Resources unit bags six contracts worth RM24.7m from TNB
EITA Resources Bhd’s unit has bagged six contracts worth RM24.77 million from Tenaga Nasional Bhd (TNB), which are mainly for the replacement of primary and ancillary equipment for power management units in Terengganu, Kelantan, Negri Sembilan and Selangor.
— The Sun Daily

Qatar Airways commences inaugural service to Penang
Award-winning airline, Qatar Airways, commenced its inaugural service to Penang Tuesday, its second destination in Malaysia, in continuation of its robust expansion throughout Southeast Asia.
— New Straits Times

Malaysia to receive more skilled labourers from Vietnam
Malaysia will consider receiving more skilled Vietnamese labourers and create favourable legal procedures for workers from the country, said Malaysian Foreign Affairs Minister Anifah Aman.
— VietnamPlus

PERI Group opened first formwork system manufacturing base in Malaysia
PERI Group, a world largest producer of formwork and scaffolding, has opened its first manufacturing base in the country for its low weight formwork system through an agreement with Luster Industries Sdn Bhd (Luster) here today.
— New Straits Times

China transforming Malaysia
Although the influx of Chinese investments is only a recent phenomenon, these funds are bringing speedy changes to local industries and the economic landscape.
— The Nation

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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.