Malaysia Morning News For November 26

Malaysia’s economic growth to quicken beyond 2020
Malaysia’s economic growth could accelerate beyond 2020 if commodities prices were to pick up on the back of a recovery in global economic growth.
— The Edge Markets

Malaysia to raise minimum bio content in biodiesel to 10% from Dec 1
Malaysia will increase the minimum bio content local producers must add to its biodiesel fuel for certain sectors to 10% from 7% starting on Dec 1.
— The Sun Daily

‘Export opportunities for chemicals and chemical products in Vietnam and Cambodia’
Malaysian companies are set to explore export opportunities for chemicals and chemical products in Vietnam and Cambodia through Malaysia External Trade Development Corp signature export promotion programme, Export Acceleration Mission.
— New Straits Times

MRCB receives RM1.325bil settlement for EDL concession termination
Malaysian Resources Corporation Bhd’s (MRCB) unit, MRCB Lingkaran Selatan Sdn Bhd (MLSSB), has received the RM1.325 billion settlement sum from the government for the mutual termination of the Eastern Dispersal Link (EDL) concession in Johor.
— New Straits Times

Malaysia ‘damage control’ report to be released next year: Mahathir
A full report on the “damage control” measures implemented by the Pakatan Harapan government after taking over the country’s administration will be released next year, Malaysian Prime Minister Mahathir Mohamad said on Sunday (Nov 25).
— Channel NewsAsia

Agrobank launches micro-financing for women agropreneurs
Agrobank has launched the Agro Nisaa’-i Micro-Financing Programme specifically for women agropreneurs, especially those in the bottom 40 per cent income group (B40) to help improve their livelihood.
— Malay Mail

Malaysia truly racial, the triumph of fascism
The decision by the new Pakatan Harapan (PH) government to give in to the falsely framed arguments and fascist threats of a ‘May 13’ repeat if ICERD was to be ratified is a clear message that the PH government a) lacks the political will to eradicate racism and racial discrimination and b) supports the blatant selective efficiency of the police in keeping law and order.
— FMT

Malaysia says former PM Najib’s office ordered changes to 1MDB audit report
The office of former Malaysian premier Najib Razak ordered changes to a 2016 audit report of scandal-plagued state fund 1MDB, including removing mention of financier Low Taek Jho’s presence at a board meeting, authorities said.
— Reuters

‘All banks in Malaysia must have three core values’
Every banking institution in Malaysia, including Bank Muamalat Malaysia Bhd, must have three main core values – integrity, excellent service and future planning in order to empower the country’s economy.
— New Straits Times

Budget 2019: Takeaways for the middle class
BY now, the hype of Budget 2019 would have died down somewhat and Malaysians from all walks of life would have a pretty good idea how the budget could directly affect them or otherwise.
— The Star Online

Firefly hit by unresolved issue
FLYFIREFLY Sdn Bhd (Firefly), a unit of Malaysia Aviation Group, has been caught in the middle of an unresolved issue between the Civil Aviation Authority of Malaysia (CAA) and Seletar Airport, Singapore.
— New Straits Times

Domestic Trade Ministry to facilitate franchise deals in Indonesia, says Saifuddin
The Malaysian Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) will act as a facilitator to Malaysian franchise companies who are keen to penetrate the Indonesian market.
— Malay Mail

Malaysians are lazy and expect handouts, says Dr Mahathir
Malaysian Prime Minister Dr Mahathir Mohamad on Sunday (Nov 25) said the country’s economy would soon be overtaken by its poorer neighbours because Malaysians would rather look for handouts than work hard.
— Today Online

Selangor’s plastic waste auction: From green dream to toxic nightmare
Selangor’s plan to auction its towering piles of plastic waste shipped in illegally from China this year for recycling is fast unravelling after three legit factory operators snubbed a recent sale, saying the garbage mountain is too contaminated or costly to process.
— Malay Mail

Malaysian deputy PM stresses importance of investing in human capital development
Leaders with a high level of conscience are driven by a higher sense of purpose, Malaysia’s Deputy Prime Minister and Minister of Women, Family and Community Development Wan Azizah Wan Ismail told a gathering at Qatar University yesterday.
— Gulf Times

Digital Innovation and Malaysia’s Place Within the 4IR
Malaysia’s very own Datuk Yasmin Mahmood is listed as among the world’s 100 most influential people in digital government by Apolitical, a UK-based global network for government which focuses on helping public servants find the ideas, people and partners they need to solve the hardest challenges facing the societies.
— Techbarrista

Govt can’t give Sabah more money right now, says Lim
PUTRAJAYA wants to give Sabah its 40% net revenue as stipulated under the Malaysia Agreement 1963, but currently there is not enough money in its coffers to do this, said Lim Guan Eng.
— The Malaysian Insight

MAHA 2018 extends operating hours for some attractions
The Malaysia Agriculture, Horticulture and Agrotourism Show 2018 (MAHA 2018) has extended the operating hours of several exhibition sites and attractions from 10am to 10pm starting today until Dec 2.
— New Straits Times

The best of Sarawak’s entrepreneurs
The state once again honours the best it has to offer via the Sarawak State Entrepreneur of the Year Awards (EOYS) 2018 and Sarawak State Outstanding Entrepreneurship Award 2018 presented at the Sarawak Chamber of Commerce & Industry’s (SCCI) 67th Annual Dinner on Friday at the Imperial Hotel, Kuching.
— The Borneo Post

MRCB receives RM1.32bn settlement for EDL termination
Malaysian Resources Corp Bhd(MRCB) ‘s unit MRCB Lingkaran Selatan Sdn Bhd(MLSSB) has received its settlement sum, amounting to RM1.32billion from the government for the termination of its concession for the Eastern Dispersal Link Expressway(EDL).
— The Sun Daily

FGV sues former chairman, group CEO and 12 others over bad APL acquisition in 2014
FGV Holdings Bhd has today initiated legal action against 14 former directors and top management it believes to be responsible for a bad deal four years ago.
— New Straits Times

Bursa Malaysia ends marginally higher
Bursa Malaysia ended marginally higher in cautious trading, with buying interspersed with profit-taking throughout the trading session, dealers said.
— FMT

Minetech bags RM28.8m contract renewal
Minetech Resources Bhd’s (MRB) wholly owned subsidiary Minetech Construction Sdn Bhd has bagged a RM28.8 million contract renewal for waste removal, ore delivery and associated works for open pit mining in respect of the Selinsing Gold Mine Project for a further period of two years.
— The Sun Daily

Terengganu to give RM500 incentive to 12,611 civil servants
The Terengganu state government today announced an incentive of RM500 for 12,611 of its civil servants.
— Malay Mail

Subang factory producing counterfeit LV, Gucci busted
For the first time, the Domestic Trade and Consumer Affairs Ministry (KPDNHEP) busted a illegal factory here churning out fake international brand imitation handbags, baggage and backpacks.
— New Straits Times

CM asked to explain Sarawak’s investment in KL hospital
SARAWAK DAP chairman Chong Chieng Jen has called on Chief Minister Abang Johari Openg to explain the state government’s investment in the development of a children specialist hospital in Cheras, Kuala Lumpur.
— The Malaysian Insight

Feature photo Sham Hardy

This week’s Malaysia morning news feature photo acknowledges International Day of Solidarity with the Palestinian People, November 29.

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.