Malaysia Morning News For July 25

Malaysia ranked 5th most complex country in corporate compliance regulation
Malaysia has one of the most complex corporate compliance regulations among 84 jurisdictions in the world, according to TMF Group’s Compliance Complexity Index.
— The Sun Daily

Government bond issuances expected to be between RM100bil and RM105bil this year: MARC
Gross issuance of Malaysian Government Securities and Government Investment Issues (MGS/GII) is expected to be in the range of RM100 billion to RM105 billion this year, according to Malaysian Rating Corp Bhd (MARC).
— New Straits Times

MAHB: We’ll continue to support low-cost travel growth
Malaysia Airports Holdings Bhd (MAHB) said it has been playing a crucial role along low-cost carrier AirAsia Group in supporting and boosting the growth of low-cost travel in Malaysia and will continue to do so.
— The Sun Daily

FDIs into Malaysia down 12.7% to RM41b in 2017
Foreign direct investments (FDIs) into Malaysia fell 12.7% in 2017 to RM41bil from the record RM47bil in 2016, according to the Statistics Department.
— The Star Online

Be prepared for property bubble burst, Ideas tells govt
The government must be ready for the property market bubble to burst, and the risk of it leading to an economic crisis, said the Institute for Democracy and Economic Affairs (Ideas).
— The Sun Daily

Malaysian parliament halted temporarily because not enough MPs present
The Dewan Rakyat was forced to halt proceedings temporarily because of a lack of quorum.
— AsiaOne

Malaysia evolving into SRI hub, says RAM Ratings
RAM Ratings sees Malaysia evolving into a sustainable responsible investment (SRI) hub, supported by its prominent global presence in Islamic finance.
— The Star Online

Malaysia’s Problem: How to Cut a Better Economic Deal With China
Malaysian Prime Minister Mahathir Mohamad is pushing back against China’s dominance in the economy, stalling billions of dollars of contracts as he tries to renegotiate them.
— Bloomberg

Malaysia Airlines taps lenders for first jet financing since revamp
Malaysia Airlines Bhd is tapping banks to fund about nine Boeing 737 MAX planes in what will be the carrier’s first jet financing with lenders since it was restructured more than three years ago, sources familiar with the situation said.
— The Star Online

Malaysia will honour water deal with Singapore, says Foreign Minister
Malaysia will honour the water agreement with Singapore while seeking to restart negotiations on pricing, said Foreign Minister Saifuddin Abdullah, who described discussions over the Kuala Lumpur-Singapore High-Speed Rail (HSR) as the “immediate and urgent” concern between the two neighbours.
— The Straits Times

World Bank: Unique window of opportunity for Malaysia to deepen reforms, ensure growth benefits all
Malaysia’s historic election that saw a change of government in over 60 years is a unique window of opportunity to deepen reforms and ensure economic growth benefits everyone, says World Bank Group Macroeconomics and Fiscal Management Global Practice lead economist Richard Record.
— The Sun Daily

Malaysia Shares May See Continued Support
The Malaysia stock market has inched higher in back-to-back trading days, gathering more than 8 points or 0.4 percent along the way.
— Nasdaq

Durians are dirt cheap in Malaysia right now thanks to a bumper crop
Malaysians are dashing to durian stalls across the country to munch on the pungent, spiky fruit after a long spell of unusually warm weather led to a bumper crop and sent prices tumbling.
— South China Morning News

MAHB: AirAsia benefited RM376mil from various incentives
Malaysia Airports Holdings Bhd (MAHB) said AirAsia group had benefited to the tune of RM376mil from its various incentive programmes up until end of 2017.
— The Star Online

Malaysia has highest rate of diabetes in Asia
Malaysia has the highest rate of diabetes in Asia and one of the highest in the world, probably next to Saudi Arabia, said the National Diabetes Institute (NADI) executive chairman, Dr Mustaffa Embong.
— Channel NewsAsia

Thailand-Malaysia Total Trade To Hit US$30 Bln, Says Envoy
The Royal Thai Embassy says its total trade with Malaysia is on track to hit US$30 billion (RM121 billion) in the next few years, especially through various aggressive trade and business-matching activities.
— Malaysian Digest

SOCAR Accelerates International Expansion with NetSuite
SOCAR, a South Korean car sharing startup, has implemented Oracle NetSuite to support its rapid growth and international expansion.
— AEC News Today/ PR Newswire (media release)

Malaysia’s biggest online sale event, #MYCYBERSALE enters its fifth year
Online sale event, #MYCYBERSALE is entering its fifth instalment this year with the theme ‘Driving growth though omni channel commerce’.
— New Straits Times

Corruption: Are we angry enough to act?
Malaysia draws international attention for illicit financial outflows, but does not seem able to move from just talking about it to actually fighting corruption.
— FMT

Malaysia’s economic policies should be based on needs, not race: Economic Affairs Minister Azmin
The New Economic Policy (NEP) will be reviewed by the Malaysian government as economic policies should be based on needs and not race, said Economic Affairs Minister Mohamed Azmin Ali.
— The Straits Times

Caring Pharmacy’s FY18 net profit rises 41pct to RM18.56mil
Caring Pharmacy Group Bhd’s net profit increased 35 per cent to RM5.87 million in the fourth-quarter ended May 31, 2018 from RM4.36 million in the same period a year ago.
— New Straits Times

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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.