Malaysia Morning News For January 3

Malaysia Morning News For January 3

Malaysia morning newsMalaysian palm oil price climbs on strong exports
Malaysian palm oil futures rose more than 1 percent on Tuesday evening, tracking related edible oils and supported by improving export demand.
— The Star Online

Malaysia: RIPI sees great opportunities for export of super sweet pineapples
Malaysian company Rompin Integrated Pineapple Industries (RIPI) is focusing on the production of healthy foodstuffs, such as super sweet pineapples, all the while providing a steady livelihood for the local community in Pahang.
— Fresh Plaza

First self-service store in Malaysia, paid by scanning smartphone
Self-service convenience store is no longer a concept! Irispay E-Concept is the first self-service store in SS15 commercial area here.
— The Nation

2018 is an exciting year for Malaysia’s car industry
The year 2018 is shaping up to be an exciting one for the car industry as global manufacturers rev up their operations in Malaysia to capture bigger slices of a growing market.
— The Star Online

China firms come to rescue of Malaysia’s scandal-hit 1MDB
The Malaysian government’s scandal-hit 1MDB development fund sold assets to Chinese companies in order to repay a US$602.7 million debt to Abu Dhabi’s International Petroleum Investment Company (IPIC), according to Singapore’s Straits Times.
— The Nation

Malaysia records highest net foreign inflow since 2012
Malaysia recorded a net inflow of foreign funds into the equities amounting to RM10.33bil (US$2.36bil) in 2017, the highest annual net inflow since 2012.
— The Star Online

Petron to expand Malaysia refinery for $3.5 billion
Filipino leading oil firm Petron Corporation is lining up mammoth investment of $3.5 billion to expand the capacity of its Port Dickson refinery in Malaysian oil market by additional 90,000 barrels per stream day.
— Manila Bulletin

Zurich Insurance opens new entity for general insurance
Zurich Insurance Malaysia Bhd has transferred its general insurance business to a newly-incorporated entity, Zurich General Insurance Malaysia Bhd (ZGIMB), effective January 1.
— New Straits Times

Ringgit rises to 16-month high, Bursa fails to hold gains
Not surprisingly Bursa Malaysia failed to hold on to its gains generated during “window dressing” activities last week as it fell 14.11 points on the first day of trading in the new year.
— The Star Online

News Analysis: Malaysia’s economy remains steady heading into 2018
Malaysia’s economy has beat market expectations in 2017, with its first three quarters growing at 5.6 to 6.2 percent year-on-year. However, heading into 2018, can the robust growth continue?
— Xinhua

Malaysian economy to register healthy growth in 2018 — Najib
The Malaysian economy is expected to register healthy growth in 2018, and further reduction of the deficit, according to Prime Minister Datuk Seri Najib Abdul Razak.
— The Sun Daily

Alcom to transfer listing status to a NewCo; to diversify into property development
Aluminium Company of Malaysia Bhd (Alcom) is transferring its listing status to a NewCo to streamline its operations including its aluminum product manufacturing business and new venture – property development business.
— New Straits Times

Gobi Partners promotes Kenneth Tan, Taraec Hussein to VPs in ASEAN team
Shanghai and Kuala Lumpur based venture capital firm, Gobi Partners, Tuesday said it had had elevated two of its investment associates – Kenneth Tan and Taraec Hussein – to position of Vice President, in its ASEAN team.
— DealStreetAsia

MyCREST to help increase number of green buildings
The Malaysian Carbon Reduction and Environmental Sustainability Tool (MyCREST) is a five-star success story, said the Construction Industry Development Board (CIDB).
— New Straits Times

Sri Lanka-Malaysia Business Council holds business meeting
The Sri Lanka-Malaysia Business Council of the Ceylon Chamber of Commerce had a business meeting with members of the Malaysia-Sri Lanka Business Chamber on December 18th, at the Ceylon Chamber of Commerce.
— Daily Mirror

 

Feature photo Phalinn Ooi

 

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

junior writer/ trainee journalist at AEC News Today
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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