Malaysia morning news for November 1

Malaysia morning news for November 1

Malaysia morning newsMalaysia’s 13 strategies to transform manufacturing & services sector
The government has outlined 13 strategies under the National Policy on Industry 4.0 (Industry4WRD) as part of its roadmap to transform Malaysia’s manufacturing industry landscape in the next 10 years.
— New Straits Times

Govt can save RM10.7m in subsidies with B10 biodiesel
The use of B10 biodiesel in the transportation sector can help the government save RM10.7 million in subsidies annually, if it is successfully implemented, said Primary Industries Minister Teresa Kok Suh Sim.
— The Star Online

Local manufacturers need to get ‘smarter’ for Industry 4.0, says SAP
Technology solutions provider SAP Malaysia Sdn Bhd believe ‘intelligent production’ or ‘smart manufacturing’ is an inevitable consequence of digital transformation that is sweeping across businesses from all industries as well as the general society.
— New Straits Times

Malaysia’s September producer price falls 0.2 pct on year
Malaysia’s Producer Price Index (PPI) for local production dropped 0.2 percent year-on-year in September, dragged mainly by agriculture, forestry and fishing as well as manufacturing, official data showed Wednesday.
— Xinhua

Malaysia is eighth worst country for freedom of thought, just above UAE, Pakistan (VIDEO)
Malaysia was ranked the eighth worst country for freedom of thought, placing 189th among 196 countries worldwide in the International Humanist and Ethical Union’s (IHEU) Freedom of Thought Report 2018 published yesterday.
— Yahoo News

Malaysia drops 9 spots in English proficiency ranking for non-native speakers
Malaysia dropped to 22nd place from 13th last year in English proficiency ranking for non-native English speakers, according to a survey by the EF English Proficiency Index (EF EPI).
— New Straits Times

Heineken Malaysia Q3 earnings up 19.7%
Heineken Malaysia Bhd’s net profit for the third quarter ended Sept 30 increased 19.7% to RM78.87 million from RM65.87 million a year ago, mainly due to over provision of prior year taxation and deferred taxation recognised in the current quarter.
— The Sun Daily

Malaysia’s Oct palm oil exports fall 14.1% — ITS
Exports of Malaysian palm oil products for October fell 14.1% to 1,398,418 tonnes from 1,628,070 tonnes shipped during September, cargo surveyor Intertek Testing Services said on Wednesday.
— The Edge Markets

Sarawak Report Wins Bob Brown Environmentalist of the Year
Sarawak Report’s editor proudly received the 2018 Environmentalist of the Year Award from the Bob Brown Foundation in Tasmania, Monday 29th October.
— Sarawak Report

Malaysia launches new industrial policy to boost manufacturing
Malaysia on Wednesday (Oct 31) unveiled a plan to boost its manufacturing sector through technology, hoping to attract investment in high-tech industries to counter slowing economic growth.
— The Straits Times

Malaysia PM Mahathir to visit Singapore next month; water agreement among issues to be discussed: Minister
Malaysian Prime Minister Mahathir Mohamad is scheduled to visit Singapore on Nov 12, where he will discuss various issues including the water agreement with the Republic.
— Channel NewsAsia

4 Malaysia central bank officials put on leave pending probe into RM2 billion land purchase
Four Bank Negara Malaysia officials have been told to go on leave pending investigations into the January purchase of land valued at RM2 billion (S$660 million).
— The Straits Times

Largest solar park in Malaysia starts operation
Malaysian utility Tenaga Nasional Bhd (KLSE:TENAGA), or TNB, has started supplying power to the national grid from a 50-MW Large Scale Solar (LSS) park in Selangor state, the company announced Tuesday.
— Renewables Now

Malaysia Airports to ensure widest connectivity, comfort, says acting head
An accountant by training, Raja Azmi Raja Nazuddin is a man of numbers, but the acting Malaysia Airports Holdings Bhd (MAHB) chief executive is focused on a lot more than just that right now.
— FMT

Special Report: 11th Malaysia Plan Mid-Term Review: Making up for Malaysia’s stolen years as an Asian tiger
WATCHING Tun Dr Mahathir Mohamad table the mid-term review of the 11th Malaysia Plan (11MP-MTR) in parliament last Thursday brings back memories of him tabling the national budget 15 years ago in his former incarnation as both prime minister and finance minister.
— The Edge Markets

Malaysia’s wasted cottage industries
Having just returned from a brief trip to Bangkok, I can’t help but compare our tourism trade with theirs.
— Malay Mail

Investors are making a comeback to Malaysia, says Dr M
Investors are making a comeback to Malaysia as they have confidence with policies set by the new government, says Tun Dr Mahathir Mohamad.
— The Star Online

What to expect in Malaysia’s 2019 Budget on Friday
Malaysian Finance Minister Lim Guan Eng will present the new government’s 2019 Budget on Friday (Nov 2), a little over five months since it took power following a surprise election result.
— The Straits Times

KT Corp. to Open Virtual Reality (VR) Center in Malaysia
South Korea’s largest telecommunications company, plans to launch its first overseas virtual reality (VR) business in Malaysia, the latest move in its efforts to become a global leader in information and communications technology (ICT).
— AEC News Today/ PR Newswire (media release)

Malaysia arrests 5 terror suspects, including man who threatened to kill foreign diplomat
Malaysia counter-terrorism police have arrested five terror suspects, including a Middle Eastern man who threatened to kill a foreign diplomat in Kuala Lumpur.
— Channel NewsAsia

Public Mutual declares RM238m distributions for 11 funds
Public Bank’s unit, Public Mutual has declared distributions of more than RM238mil for 11 funds.
— The Star Online

Rentokil Initial Malaysia Collaborates with MOH on Food Safety Training
Earlier in October this year, two persons died from food poisoning after eating laksa from a small stall in Kedah.
— AEC News Today/ PR Newswire (media release)

UMW Holdings aborts RM1b plan to acquire stake in MBM Resources and Perodua
UMW Holdings Bhd has aborted its RM1 billion plan to acquire a 50.07 per cent stake in MBM Resources Bhd and a 10 per cent stake in Perodua.
— New Straits Times

Silver for 7-Eleven Malaysia
7-Eleven Malaysia bagged the Silver award in the Retail category at the recent Putra Brand Awards. This achievement is the brand’s fourth consecutive win and represents its consumers’ acknowledgement of its brand excellence.
— The Sun Daily

Minister: No ban on Lion Air operations in Malaysia
There is no ban or suspension of Lion Air flight operations in Malaysia following a crash involving the airline’s aircraft in Indonesia on Monday, Transport Minister Anthony Loke Siew Fook said.
— Malay Mail

Lotte Chemical posts net profit of RM216.80m in 3Q18
Lotte Chemical Titan Holding Bhd posted 5.8 per cent lower net profit to RM216.89 million in the third quarter ended September 30, from RM230.31 million a year ago, mainly due to significant increase in feedstock price.
— New Straits Times

Malaysia denies assertions of inaction to protect cold rolled coil makers
Malaysia’s government has denied assertions from domestic cold rolled coil producers that it is not doing enough to protect the industry from cheap imports, the Ministry of International Trade and Industry said earlier this week.
— S&P Global

Vietnamese fishing vessel detained in Rompin
The Malaysian Maritime Enforcement Agency (MMEA) detained a Vietnamese fishing vessel for illegal fishing some 28 nautical miles off Pulau Tioman with their catch weighing some 12 tonnes yesterday.
— New Straits Times

Singapore seizes RM772,936 worth of drugs from Malaysia-registered car at Woodlands Checkpoint
A 37-year-old Malaysian man has been arrested for suspected importation of drugs while trying to enter Singapore at the Woodlands Checkpoint.
— Malay Mail

IOI Properties eyes 25-30pc net profit rise in FY19
IOI Properties Group is aiming for a 25 to 35 per cent growth in net profit in financial year 2019 (FY19), driven by strong demand for its projects in Malaysia, China and Singapore, said the group’s chief executive officer Lee Yeow Seng today.
— New Straits Times

South Korea’s Coway making waves in Malaysia
South Korea-listed Coway Co Ltd, whose net profit and revenue are set to hit fresh record highs for the financial year ending Dec 31, 2018 (FY18), will ramp up investments for its Malaysian operations, which may include establishing a manufacturing facility and an initial public offering (IPO).
— The Edge Markets

Migrant cooks in Malaysia restaurant trade feel the heat after minister suggests banning them
Jamal, a restaurant worker from Bangladesh, left his family behind in 2010 to provide a better life for them by working in Malaysia.
— South China Morning Post

Cost relating to utilities should be shared with service provider: Selangor Dredging
Selangor Dredging Bhd proposes that property developers’ costs relating to utilities should be shared with service provider.
— New Straits Times

CME Group, G Neptune auditors issue ‘material uncertainty’ statements
The external auditors of CME Group Bhd and G Neptune Bhd (GNB) have issued statements of “material uncertainty related to going concern” in respect of the groups’ financial statements ended June 30, 2018 (FY18).
— The Sun Daily

HSBC Malaysia places headquarters on the market
NOW awaiting the completion of its new RM1 billion headquarters in the Tun Razak Exchange (TRX), HSBC Bank Malaysia Bhd has placed Menara HSBC South Tower — the building currently housing the main office — up for sale.
— The Edge Markets

Justo: Malaysian cops forced me to say ‘Najib was best PM’
Former PetroSaudi executive Xavier Justo revealed today that the Malaysian police had asked him to admit publicly that Datuk Seri Najib Razak was “the best prime minister” as part of his forced confession.
— Malay Mail

 

Feature photo Tune Hotel

This week’s Malaysia morning news feature photo acknowledges World Cities Day, October 31.

 

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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