Malaysia Morning News For January 26

Malaysia Morning News For January 26

Malaysia morning newsMalaysia’s central bank taps the brakes, raises key rate
Malaysia’s central bank on Thursday became the first in Southeast Asia to raise a key interest rate in years, moving to tap the brakes and “normalize” policy well before national elections and at a time of robust growth.
— Reuters

US tariffs to hit Malaysia PV exporters most
Malaysia, which is the largest photovoltaic (PV) exporter to the US with a market share of 30% of US PV imports, will be impacted by the US move to slaps import tariffs on imports of PV cells and modules for four years.
— The Star Online

Vertex Ventures leads $5.1m Series A in Malaysian PoS startup StoreHub
Malaysia-based retail technology company StoreHub has announced the close of a $5.1-million Series A financing round led by Vertex Ventures, according to a media release.
— DealStreetAsia

Malaysia seeks to prove local content to skirt US import duties on solar panels
Malaysia will seek to prove that the solar panels it exports are totally sourced locally in a bid to circumvent newly imposed duties on imports into the US.
— The Sun Daily

Malaysia’s Sapura Energy hires advisors for potential listing of E&P business
Sapura Energy Bhd , Malaysia’s largest oil and gas services company, said it is evaluating a potential listing of its exploration and production (E&P) business segment, according to a stock exchange filing on Thursday.
— DealStreetAsia

Malaysia’s Petronas offers new Bergading condensate for March
Malaysia’s Petronas has offered 350,000 barrels of new condensate grade Bergading for loading in March, a tender document reviewed by Reuters showed on Thursday.
— Reuters

Malaysia needs political stability to grow, says Rahman Dahlan
POLITICAL stability is crucial for Malaysia’s economy to grow, said Minister in the Prime Minister’s Department Abdul Rahman Dahlan.
— The Malaysian Insight

Investors laud higher transparency in enhanced auditors report
Most stakeholders have preferred the new enhanced auditors’ report (EAR) as they acknowledge the improvements the new standards bring, a key tool in navigating complex financial reports.
— New Straits Times

Local telco industry needs consolidation: Celcom Axiata CEO
Celcom Axiata Bhd CEO Michael Kuehner, while welcoming the expected entry of a new player in the local telco scene next week, pointed out that what the industry needs is consolidation and not another player.
— The Sun Daily

KIP REIT’s 6.17sen payout yields 8pc return on investment
KIP Real Estate Investment Trust (KIP REIT) will distribute RM31.16 million or 6.17 sen per unit for the 11-month period, which translated to an annualised distribution yield of 8 per cent.
— New Straits Times

Criticising China investments an attempt at changing public perception, forum told
CRITICISING and blaming Chinese investments in Malaysia is an attempt by certain quarters to change public perception, said panellists at a forum last night.
— The Malaysian Insight

Malaysia-India tie to boost infrastructure, ICT sectors
MALAYSIA-INDIA trade relations is expected to flourish further via projects within the infrastructure, construction and communications sectors that would utilise the expertise of the two nations.
— The Malaysian Reserve

Consumer sentiment-economic growth disconnect may be due to income distribution disparity
The disconnect between consumer sentiments on the ground, which is lacking the “feel good sentiments”, and the stellar growth in terms of gross domestic product (GDP) could be due to disparity in income distribution.
— The Sun Daily

Brahim’s meals onboard KTM and cafes at train stations
Brahim’s Holdings Bhd is now catering food and beverages onboard Keretapi Tanah Melayu Bhd’s (KTMB) electric train services (ETS) rail cafes at train stations and terminals.
— New Straits Times

 

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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