Malaysia morning news for October 1

Malaysia morning news for October 1

Malaysia morning newsMalaysia Hopes To Welcome 30 Million Tourists By 2020
Malaysia’s Ministry of Tourism, Arts and Culture is targeting 30 million tourist arrivals in Malaysia by 2020, state news agency Bernama reported.
— Investvine

Slow net speed will hit Malaysia’s e-commerce badly, warns economist
Malaysia needs to pay more attention to developing its fixed-line broadband to meet future needs instead of just mobile broadband, a World Bank economist said.
— FMT

No talks yet on CCCC taking over MRL
Malaysia Rail Link Sdn Bhd (MRL) has yet to hold talks about the future of the East Coast Railways (ECRL) project with its main contractor, China Communications Construction Ltd (CCCC).
— New Straits Times

RM2.5 billion in cash seized, frozen since June: Malaysia’s anti-graft agency
The Malaysian Anti-Corruption Commission (MACC) has seized and frozen RM2.5 billion (US$604 million) in cash since June through its investigations into various corruption cases, including the one involving scandal-hit state fund 1Malaysia Development Berhad (1MDB).
— Channel NewsAsia

1MDB Saga To Be Turned Into Movie
The story of the multi-billion-dollar graft scandal involving Malaysian state fund 1Malaysia Development Berhad (1MDB) – believed to be the world’s largest-ever fraud case – will be turned into a movie by Malaysian actress-turned-producer Michelle Yeoh and the producers of the successful 2018 comedy-drama Crazy Rich Asians.
— Investvine

Plantations International Creates Durian Harvests Brand in Malaysia
Plantations International is delighted to announce the establishment of MK DURIAN HARVESTS SDN BHD (COMPANY. NO.: 1287972-K) a company incorporated in Malaysia under Companies Act 1965. MK DURIAN HARVESTS SDN BHD (“Durian Harvests”) is an associated company of Plantations International specializing in providing Musang King Durian plantation management and other Durian related services.
— AEC News Today/ PR Newswire (media release)

CIMB launches regional preferred service for wealthy clients
CIMB Bank Bhd and CIMB Islamic Bank Bhd have launched their Regional CIMB Preferred programme Asean-wide aimed at its affluent segment.
— The Star Online

Malaysian Prime Minister paints dismal world picture, underscores need for UN reform
“Today, the world is in a state of turmoil economically, socially and politically,” said Prime Minister Mahathir, who, in May defeated the political party that had been ruling Malaysia since its independence – over 60 years ago.
— AEC News Today/ PR Newswire (media release)

Malaysia won’t support Suu Kyi anymore
Malaysia will no longer support the leadership of Myanmar’s leader Aung San Suu Kyi over her handling of the Rohingya crisis in her country, Prime Minister Dr Mahathir Mohamad said yesterday.
— The Daily Star

Dr M’s United Nations speech should hit right home
Prime Minister Dr Mahathir Mohamad’s address to the United Nations General Assembly was poised, articulate and to the point.
— FMT

Why do we love to attack Anwar?
I have no idea how Anwar Ibrahim will behave or perform when, or if, he becomes the prime minister. However, it is fair to say that no past prime ministers of Malaysia, including Dr Mahathir Mohamad (who has become the prime minister for the second time), have ever had to go through the ordeal and challenges like Anwar.
— FMT

The new Mahathir and Malaysia’s media revamp
Malaysia’s new Prime Minister Mahathir Mohamad isn’t a new face for journalists in the country. Many of them would have covered him during the 22 years that he was previously prime minister, from 1981 to 2003 – and it wasn’t easy for them.
— Aljazeera

Malaysians in Sulawesi safe: Embassy, Education Malaysia
All Malaysians on the Indonesian island of Sulawesi, which was struck by a 7.4 magnitude earthquake and 3-metre high tsunami on Friday, are accounted for and safe.
— New Straits Times

Organisations urged to build adaptive security framework
Organisations need to build an adaptive security framework that is scalable and flexible to meet new and complex security challenges, Kaspersky Lab urged.
— The Borneo Post

Singapore investors lining up projects for PD, says Anwar
ANWAR Ibrahim promised to develop Port Dickson, alluding to investment from Singapore, in the first full day of campaigning for the seaside parliamentary seat today.
— The Malaysian Insight

Police Retirees Cooperative Selangor, KPPSB of Malaysia appoints founder of Heaven Springs Dynasty Harvest Group Dato’ Sri Baima Aose as Senior Commercial Director
On September 26, Dato’ Sri Baima Aose, who is a member of the international steering committee of High-Level International Conference of UN Water Action Decade, 2018-2028 and the Founder of Heaven Springs Dynasty Harvest Group, was appointed by the Police Retirees Cooperative Selangor (Koperasi Pesara Polis Selangor, KPPSB) as Senior Commercial Director for International Affairs, a high-level position dealing international affairs.
— AEC News Today/ PR Newswire (media release)

Malaysian badminton star dies in car crash
Former national player Tan Chee Tean died in a car accident in the Czech Republic yesterday.
— New Straits Times

CSC’s high margin GI and PPGI steel sales to continue supporting bottom line
CSC Steel Holdings Bhd’s (CSC) high margin galvanised (GI) and pre-painted galvanised (PPGI) steel sales has been projected by analysts to continue supporting earnings despite lower margin for the group’s cold rolled (CRC) steel in the third quarter of 2018 (3Q18).
— The Borneo Post

Paydibs, HAOM form partnership for country’s largest hobby expo
Hobby Association of Malaysia (HAOM) and Paydibs Sdn Bhd (Paydibs) agreed to build partnership by signing a memorandum of understanding (MoU) on enabling Malaysia’s largest hobby expo, Malaysia Hobby Expo (MHX) 2018 to go cashless.
— The Borneo Post

Max Capital Management Holding Ltd (MCM) and Global Brand Partners Pte Ltd (GBP) Enters into Partnership
Max Capital Management Holding Ltd (MCM) is now officially becoming one of the angel investors of Global Brand Partners Pte Ltd (GBP).
— AEC News Today/ PR Newswire (media release)

India cops seize RM114 million in Malaysia-bound ecstasy
POLICE in the Indian state of Kerala seized illegal drugs worth two billion rupees (RM114 million) bound for Malaysia, local media reported.
— The Malaysian Insight

Salam Web Technologies, UiTM promote safer online environment
Salam Web Technologies MY Sdn Bhd (Salam Web Technologies) and Universiti Teknologi MARA (UiTM) signed a Memorandum of Understanding (MoU) recently, to promote a safer online environment for its students and staffs.
— The Borneo Post

Facebook discloses security breach affecting 50 million users, Malaysia included
Facebook Inc said on Friday that hackers stole digital login codes allowing them to take over up to 50 million user accounts in its worst breach ever given the unprecedented level of potential access, adding to what has been a difficult year for the company’s reputation.
— The Star Online

‘Market may take dim view if Axiata bids for M1’
Analysts warned that a possible counter bid by Axiata Group Bhd for 28.7%-owned Singapore’s M1 Ltd could lead to constraint to the group’s cash position, but the offerors Keppel Corp Ltd and Singapore Press Holdings may sweeten the deal by lifting the offer price of S$2.06 (RM6.22) per share.
— The Sun Daily

 

Feature photo Tang An Shi

This week’s Malaysia morning news feature photo acknowledges World Habitat Day, October 1.

 

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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