Malaysia Morning News For January 8

Malaysia Morning News For January 8

Malaysia morning newsMalaysia opposition names Mahathir, 92, as PM candidate
Malaysia’s opposition coalition on Sunday named 92-year old former premier Mahathir Mohamad as its prime ministerial candidate for a general election.
— Bangkok Post

Malaysia: Axiata shares climb as carrier said to consider $500m tower IPO
Axiata Group Bhd. rose the most in more than two years after people with knowledge said Malaysia’s biggest wireless carrier is considering an initial public offering of its tower unit that could raise at least $500 million.
— DealStreetAsia

FGV to benefit from suspension of export taxes
CIMB Equities Research expects Felda Global Ventures Holdings (FGV), Hap Seng Plantations, Genting Plantations, Ta Ann and Jaya Tiasa to benefit from the suspension of export taxes on crude palm oil (CPO) for a three-month period from Jan 8 to April 7.
— The Star Online

BTMU provides $353m Islamic loan to Malaysian Saudi Telecom unit
The Bank of Tokyo-Mitsubishi UFJ has provided an Islamic syndicated loan to a Malaysian affiliate of Saudi Arabia’s state-owned telecom company, Saudi Telecom.
— Nikkei Asian Review

Maybank Islamic partners MAIPK to improve Perak socio-economy
Maybank Islamic Bhd has signed a Waqf Development Fund joint-venture agreement with Perak Islamic Religion and Malay Customs Council (MAIPk) to develop the state’s waqf (endowment) boat project.
— New Straits Times

Malaysian food delivery startup Dahmakan raises $2.6m
Dahmakan, a Malaysian food delivery startup, has closed a $2.6 million follow-on funding from famed startup accelerator Y Combinator (YC), according to a TechCrunch report.
— DealStreetAsia

Malaysia Airlines apologises for recent spate of flight delays
Malaysia Airlines apologised on Friday (Jan 5) for a recent spate of flight delays and cancellations which left travellers irate with some missing their baggage.
— Channel NewsAsia

Malaysia to allow duty-free exports of CPO for 3 months starting next Monday
Malaysia will allow duty-free exports of crude palm oil (CPO) for three months starting next Monday, 8th Jan 2018, in the hope of supporting prices.
— New Straits Times

Malaysia Airlines aims to at least break even this year
Malaysia Airlines Bhd (MAB) aims to at least break even this year despite facing global economic and geopolitical challenges, competition, and uncertainty in foreign exchange and fuel prices.
— The Sun Daily

Petronas to grow non-fuel contribution to downstream business
Petronas is looking to increase the non-fuel segment contribution to its downstream business this year, in line with most oil and gas companies worldwide, said its Vice President of Marketing Downstream, Datuk Seri Syed Zainal Abidin Syed Mohd Tahir.
— New Straits Times

Japan to make ‘all-out bid’ for KL-Singapore high-speed rail project
Japan is making an “all-out bid” for the Kuala Lumpur-Singapore high-speed rail (HSR) contract to construct Southeast Asia’s largest-ever infrastructure project.
— Channel NewsAsia

Malaysian stocks on track to historical rally before polls
The impending government elections and a strengthening ringgit are pushing investors in the Malaysian stock market into overdrive.
— The Star Online

Economy off to good start
MALAYSIA’S economy is off to a good start this year, with the stock market and currency breaching key levels in the first week of 2018.
— New Straits Times

 

Feature photo Ah Wei (Lung Wei)

 

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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