Malaysia Morning News For January 22

Malaysia Morning News For January 22

Malaysia morning newsMalaysia’s 2017 timber exports to surpass RM23b
Malaysia’s timber exports for 2017 is likely to surpass RM23 billion as global demand remain stable.
— New Straits Times

Palm prices to trade at RM2,500-RM2,700 a tonne from March: Top analyst
Malaysian palm oil prices are expected to trade at RM2,500-RM2,700 a tonne due to falling production from March onwards, and as stock levels decline from now until July, said leading vegetable oils analyst Dorab Mistry on Saturday.
— The Sun Daily

Strong exports performance boost Malaysia’s labour market
Strong export performances last year contributed significantly towards strengthening Malaysia’s labour market, analysts believe.
— The Borneo Post

‘Stronger ringgit, rising stock markets not good indicators of recovering economy’
A STRENGTHENING ringgit and higher share market do not mean better times for Malaysians, said an economist.
— The Malaysian Insight

Malaysia needs new social compact similar to NEP of 1970s: Economist
The country needs a new social compact similar to the New Economic Policy (NEP) of the 1970s to chart future growth and see continued improvement in Malaysian household income distribution, according to Khazanah Research Institute Visiting Senior Fellow Professor Jomo Kwame Sundaram.
— The Sun Daily

Malaysia’s Zoom eyes overseas expansion, expects to close Series A in 12 months
After 30 attempts at raising funds, Malaysian on-demand delivery startup Zoom finally secured RM4 million ($1.01 million) in a pre-Series A round early this year led by Gobi Partners.
— DealStreetAsia

Malaysia pays high price for political drama
Malaysians might have hoped for a young new challenger to contest the coming parliamentary election and take on the 64-year-old scandal-plagued Prime Minister Najib Razak, who has held office for eight years.
— Nikkei Asian Review

Mega projects will create 250,000 jobs: Johor Menteri Besar
The Johor government has a long-term plan for the state and wants to make it the new economic powerhouse in Malaysia, said Menteri Besar Mohamed Khaled Nordin.
— The Straits Times

Will there be surprises from Invest Malaysia?
INVEST Malaysia, an event organised annually for the global investing audience, takes place next week, just in case many are not aware yet. It will be the last one before Prime Minister Datuk Seri Najib Tun Razak faces the people in the general election (GE).
— The Star Online

RHB partners SOCSO for online payment and collection
RHB Bank Bhd has signed a memorandum of understanding (MoU) with the Social Security Organisation (Socso) for online payment and collection through FPX (Financial Process Exchange) in conjunction with the three-day Kedah Financial Carnival which ended today.
— New Straits Times

Malaysia’s PNB, EPF to acquire London’s Battersea building for $2.2b
Malaysia’s savings funds Permodalan Nasional Berhad (PNB) and Employees Provident Fund (EPF) are jointly acquiring the Battersea Power Station building in London for £1.6 billion ($2.2 billion), Battersea Power Station Development Company (BPSDC) confirmed in a statement.
— DealStreetAsia

Market cautious ahead of Bank Negara’s MPC meeting next week
Investors and and money-market players are cautious ahead of the BNM’s Monetary Policy Committee (MPC) meeting next week which may decide to raise the Overnight Policy Rate (OPR), which currently stood at three per cent.
— New Straits Times

KL-Singapore HSR dynamics may vary
JUST before the Malaysia-Singapore Summit down south earlier last week, Japan came out strongly with improved proposition for the Kuala Lumpur-Singapore High Speed Rail (HSR) project.
— The Star Online

Malaysia: PRG Healthcare to acquire Roopi Medical Centre for $4.6m
PRG Healthcare, a wholly owned subsidiary of Bursa Malaysia-listed PRG Holdings, is acquiring Malaysia’s private medical services provider Roopi Medical Centre (RMC) for RM18.3 million ($4.6 million), PRG Holdings said.
— DealStreetAsia

 

Feature photo Charles Haynes

 

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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