Malaysia morning news for November 15

Malaysia morning news for November 15

Malaysia morning newsMore Charges Against Malaysia’s Former First Lady
Malaysia will file additional charges against Rosmah Mansor, the wife of former Prime Minister Najib Razak, the anti-graft agency said on November 14, as authorities step up corruption investigations into the former first couple.
— Investvine

Malaysia Cabinet agrees to scrap death penalty
Malaysia’s de facto Law Minister Liew Vui Keong told Parliament yesterday that the Cabinet has agreed to scrap the death penalty, including for murder, but Deputy Prime Minister Wan Azizah Wan Ismail appeared to hedge over the matter by telling reporters that the government would review abolishing it for murder.
— The Jakarta Post

Penang to invite proposals for water taxi service
The Penang government will call for tenders for a water taxi service in the state.

Oil struggles to find footing after 7 pct slump, sentiment stays weak
Oil markets struggled to find their footing on Wednesday after plunging by 7 percent the previous session, with surging supply and the spectre of faltering demand keeping investors on edge.
— New Straits Times

Petronas can afford RM30 billion payout, says Dr M
Prime Minister Dr Mahathir Mohamad today rejected claims that Petronas’ RM30 billion special payment to the government would affect its operations.

Steel industry will bounce back from slow business
Steel manufacturers, who have been facing tough times in recent years, are expecting businesses to pick-up within the next two to three years.
— New Straits Times

Last chance for non-compliant taxpayers to come clean, says EY
The special voluntary disclosure programme under the Budget 2019 is the last window of opportunity for non-compliant taxpayers to voluntarily disclose assets held in and income derived from offshore accounts, says a tax consultant.
— The Star Online

Malaysia Smelting Corp 3Q net profit jumps 53% on stronger performance from tin smelting, mining segments
Malaysia Smelting Corp Bhd (MSC) saw its net profit jump 52.5% to RM11.66 million in the third quarter ended Sept 30, 2018 (3QFY18) from RM7.65 million a year ago, on stronger earnings from both tin smelting and tin mining divisions.
— The Edge Markets

Dr M grateful for Singapore’s role in helping Malaysia reclaim 1MDB monies
Tun Dr Mahathir has expressed appreciation of Singapore’s role in helping Malaysia reclaim money laundered from 1Malaysia Development Bhd (1MDB).
— New Straits Times

Minister: In RCEP summit, Malaysia objected lopsided trade deals
Putrajaya brought up the issue of advanced economies’ refusal to cut tariffs against Malaysia at the 2nd Regional Comprehensive Economic Partnership (RCEP) Summit today during the 33rd Asean Summit here.
— Malay Mail

Dialog Group allocates RM1b in capex for FY2019
Dialog Group Bhd is setting aside RM1 billion in capital expenditure for its internal, upstream and downstream investments for its financial year 2019.
— New Straits Times

Sabah’s industrial zones performing well
The industrial zones in Sabah had been performing well as of July this year, said Deputy Chief Minister Datuk Wilfred Madius Tangau.
— The Borneo Post

Government working to standardise medicine prices, says Dzulkefly
The government is in the early stages of coming up with a proposal on implementing a mechanism to control the prices of drugs through existing laws, the Dewan Rakyat was told today.

Najib asks govt to maximise 1MDB asset value to make profits
Datuk Seri Najib Razak today said that 1Malaysia Development Berhad (1MDB) would be able to make profits if the Pakatan Harapan (PH) government strives to develop and maximise the value of the company’s assets, such as the Tun Razak Exchange (TRX), Pulau Indah and Bandar Malaysia.
— Malay Mail

Schroders partners with Maybank to target HNWIs in Malaysia
Schroders Singapore arm has inked a strategic partnership with Maybank to develop a range of specialist investment solutions that will tap into the growing wealth market in Malaysia.
— International Investment

Worries persist over high CPO inventory in Malaysia
Analysts continue to worry over high palm oil inventory which continued to swell by eight per cent month-on-month to 2.72 million tonnes in October.
— The Borneo Post

Students march to Parliament to protest PTPTN loan repayment schedule
About 20 students from various local universities marched from Universiti Malaya (UM) to the Parliament building today to protest against the National Higher Education Fund Corporation (PTPTN) loan repayment schedule announced by the government in Budget 2019.

IMF seeks Malaysia’s help
The International Monetary Fund (IMF) is impressed with Malaysia’s reforms and is keen to understand more about it – a far cry from the view that the Washington-based agency had on the country 20 years ago.
— The Star Online

Netflix tests cheaper mobile-only plan in Malaysia
Netflix Inc is testing a mobile-only subscription plan in Malaysia priced at roughly half its current basic plan in the country, the global leader in video streaming said on Wednesday (Nov 14).
— Channel NewsAsia

RHB wholesale banking head Omar resigns
Omar Siddiq Amin Noer Rashid, RHB Bank Bhd.’s wholesale banking head, has quit after less than six months at the Malaysian lender.
— The Star Online

MACC: Stadlen left Malaysia before GE14
Paul Geoffrey Stadlen (pic), who is sought by the MACC over the 1Malaysia DeveIopment Berhad scandal, left Malaysia – even before the May 9 general election.
— The Star Online

Naza Quest Sdn Bhd to cease selling new Chevrolet vehicles
NAZA Quest Sdn Bhd will cease to distribute new Chevrolet vehicles from tomorrow.
— New Straits Times

Columbia Pacific, which has hospitals in Malaysia, said to weigh US$2b Asia sale
Investment firm Columbia Pacific Management is considering selling one of its Asia hospital operators in a deal that could value the business at as much as US$2 billion, people with knowledge of the matter said.
— The Star Online

Head of investment for Malaysia’s EPF to stay on for 1 more year
Mohamad Nasir Ab Latif, deputy CEO (investment) for Malaysia’s 813.2 billion ringgit ($194.6 billion) Employees Provident Fund, will serve in that capacity through Dec. 31, 2019, according to an EPF news release.
— Pension&Investments

RM605m AES summonses issued before Sept 1 cancelled, says Loke
Transport Minister Anthony Loke Siew Fook today confirmed that a total of 4.03 million of outstanding Automated Enforcement System (AES) summonses worth RM605 million issued from 2012 to August 31 this year have been cancelled.
— Malay Mail

Malaysia anti-graft body says has unearthed cases of sex for grades
There have been instances of teachers asking students for sex in exchange for good examination scores, Malaysian Anti-Corruption Commission (MACC) chief commissioner Mohd Shukri Abdull has said, warning that such cases are dangerous for the country’s future generation.
— The Straits Times

Indonesia, Malaysia palm oil stocks seen rising above 8 mil T by year-end — analyst
Palm oil inventories in Indonesia and Malaysia are expected to climb above 8 million tonnes by year-end on the back of higher production and disappointing demand, an industry analyst said on Wednesday.
— The Edge Markets


Feature photo National Diabetes Institution

This week’s Malaysia morning news feature photo acknowledges World Diabetes Day, November 14.


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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