Malaysia morning news for October 12

Malaysia morning news for October 12

Malaysia morning newsMalaysia to abolish death penalty
Malaysia’s cabinet has agreed to abolish the death penalty and halt pending executions, a move that has been hailed by international human rights groups and foreign diplomats.
— Aljazeera

Govt keen on private participation in airport development
The government is encouraging the private sector to invest in airport development and expansion throughout the country, Transport Minister Anthony Loke Siew Fook said.
— New Straits Times

Residential property overhang worsens
The overhang status of residential properties in Malaysia worsened in the first half of 2018 (1H 2018), with 29,227 units worth RM17.24 billion, reflecting a year-on-year increase of 18.1% and 10.2% in volume and value respectively.
— The Sun Daily

Urgent : Woman, probably Thai, dashes out of taxi, runs towards police car to seek help in Malaysia
A highly distressed woman, who was believed to be in a traumatic state, ran out of a taxi to a passing police car in search for help.
— The Nation

Langkawi tourism revenue to reach RM9b by 2020
The government is targeting a RM9 billion in tourism revenue in Langkawi by 2020 fuelled by the latest terminal expansion at the Langkawi International Airport (LGK).
— New Straits Times

Malaysia August industrial output up 2.2% on-year
Malaysia’s industrial production index (IPI) increased 2.2% in August 2018 from a year earlier as manufacturing and electricity output rose, the Statistics Department said today.
— The Edge Markets

Nearly half of Malaysia still forest, Dr M tells palm oil critics
Prime Minister Dr Mahathir Mohamad has defended Malaysia’s oil palm plantations, saying 48% of the country is still covered in virgin forest.
— FMT

Malaysia to ban smoking at all restaurants, hawker stalls from Jan 1, deputy health minister says
Malaysia will enforce a smoking ban on restaurants, coffee shops and hawker stalls nationwide from Jan 1, Sin Chew Daily cited Deputy Health Minister Lee Boon Chye as saying on Thursday (Oct 11).
— The Straits Times

Malaysia’s palm oil now sustainable, PM tells Asean leaders in Bali
Tun Dr Mahathir Mohamad today admitted that Malaysia had cleared vast tracts of forest to develop its palm oil sector, but said that the practice had now been stopped, as the nation has adopted a more sustainable approach.
— Yahoo News

Local FD market the least volatile
Malaysia’s fixed deposit (FD) market is the least volatile and is very conducive for fund managers to construct multi-assets portfolio, said global investment company, Aberdeen Standard Investments.
— The Borneo Post

Chinese tycoon to invest RM10b in Malaysia, signals vote of confidence
China’s Pacific Construction Group Ltd (CPCG) gave Malaysia a vote of confidence with a planned RM10bil investment over 10 years in areas including infrastructure development and hi-tech machinery.
— The Star Online

Why Borneo Is Centre Stage On Global Warming As Top Oil Boss Admits Reforestation Is Earth’s Best Hope
The appalling threat of global warming is back as the top international concern, despite the attempts by certain politicians to pretend the problem doesn’t exist.
— Sarawak Report

‘Where are we headed, Malaysia?’ Najib asks after Bursa tumbles
After Malaysia’s stock market tumbled sharply on Thursday (Oct 11), Datuk Seri Najib Tun Razak asked if the country’s future was still bright under the Pakatan Harapan government.
— The Star Online

Defying China, Malaysia releases Uighur detainees
Malaysia has freed from detention 11 ethnic Uighur Muslims who fled to the southeast Asian nation after a Thai jailbreak last year, and sent them to Turkey, their lawyer said on Thursday, in disregard of China’s request to hand them to Beijing.
— New Straits Times

World Bank: Malaysia doing well, but can do better in terms of children’s health
Malaysia needs to do more to deliver better outcomes in terms of children’s health and learning to boost the incomes of people and country, with returns far into the future, says the World Bank.
— The Star Online

Public Bank to fully redeem RM450m notes on Oct 29
Public Bank Bhd plans to redeem the RM450mil subordinated notes with accured interest on Oct 29.
— The Star Online

AET delivers its LNG dual-fuelled aframax vessels
Petroleum and chemical tanker owner AET Tanker Holdings Sdn Bhd today named its first liquefied natural gas (LNG) dual-fuelled aframax vessels, Eagle Brasilia and Eagle Bintulu.
— New Straits Times

Could O&G counters be a bargain amid Malaysia share selldown?
Bursa Malaysia-listed oil and gas (O&G) counters may be perceived to be in a sweet spot after the Malaysian share market selldown and as world crude oil prices hover above US$80 a barrel.
— The Edge Markets

MAHB to finalise new OA with govt by end 2018
Malaysia Airports Holdings Bhd (MAHB) expects to finalise a new operating agreement with the government by end 2018, group acting chief executive officer Raja Azmi Raja Nazuddin said.
— New Straits Times

IGEM 2018 expected to generate RM2.5b in business lead
This year’s International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM) 2018, which is to kick off next Wednesday, is expected to generate an estimated RM2.5 billion in business leads.
— The Sun Daily

Who can solve Malaysia’s economic woes? Perhaps the answer is us
Everyone I spoke to in the last few weeks seems to know what’s wrong with the country and appears to have an answer to what the government can do to improve the economy.
— Malay Mail

MALAYSIA LOOKS TO CHINESE LEADERSHIP, BUT NOT ON SOUTH CHINA SEA
Malaysian economic affairs minister Azmin Ali says region has ‘genuine admiration’ for China’s growth – but is concerned about militarisation of the disputed waterway.
— South China Morning Post

Blockcloud Brings Future Internet Fever into Malaysia
On September 29th, the ninth stop of Blockcloud’s global meetups concluded successfully in Kuala Lumpur, Malaysia. Being the first underlying protocol-level project across the world, Blockcloud boasts a globally advanced Future Internet technological system and an elite group of scientists.
— AP News

Sabah one of the states with good potential in agriculture
Sabah has been named by Agrobank during its ‘Agenda Agro’ event as one of the states in Malaysia with good potential in the agriculture sector.
— The Borneo Post

Big number of affordable homes unsold
DEVELOPERS launched more affordable houses in the first half of this year (1H2018), but a large number of these homes, priced below RM500,000, remained unsold.
— New Straits Times

 

Feature photo Pos Malaysia Berhad

This week’s Malaysia morning news feature photo acknowledges World Post Day, October 9.

 

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

junior writer/ trainee journalist at AEC News Today
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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